Shifting from open banking to open finance
Results from the 2022 OECD survey on data sharing frameworks
Data sharing arrangements are evolving from open banking to open finance. This next
stage of the evolution builds upon existing frameworks to expand data access and data
source sharing beyond payment/transaction data, while also including other areas of
financial activity (e.g. insurance). This paper analyses the different types of data
sharing frameworks currently available in OECD and non-OECD member countries. It examines
the specific rules and conditions of such frameworks around data access and sharing,
consumer safeguards, and operational and technical specifications. It also discusses
learnings from existing frameworks on the impact that such arrangements have had on
customers and financial markets.
Published on January 27, 2023
In series:OECD Business and Finance Policy Papersview more titles