开放金融开启新时代.pptxVIP

Fintechinnovationsmayholdthekeytoincreasingcustomerdemands,evolvingregulatoryreform,

andampleopportunity.

Openfinance

heraldsanewera

wwoo

lL—o

companies—peer-to-peerpaymentservices,mobile

bankingapps,andtradingplatforms—oferconsumers

powerfultoolstomanagetheirmoneyandextendtheirbankingcapabilities.AccordingtotheonlinedataplatformStatista,theworldwidenumberofconsumersusingopenbankingservicesisprojectedtoreach132.2million

by2024.

Withopenfinance,thenextiterationofopenbanking,

consumerscancontrolandsharetheirfinancial

informationsecurelywithTPPsorfinancialinstitutions,accessinganarrayoffinancialservicesincludingdigitalbanking,lending,payments,rentingproperty,and

investing.Forconsumerstheservicespromisefairness,newproducts,safety,transparency,convenience,and

choice—theabilitytocontrolandmanagetheirowndatafortheirownbenefit.Todeliver,openfinancerequires

strongguardrailsforcybersecurity,regulations,andeducationtoensureconsumerscanmakesound

financialdecisions.

Inclusivefinancialservices

Formany,accesstofinancialserviceslikecreditis

essentialforautonomyandeconomicfreedom.However,thecreditsystem’srigidcategoriesandcontrolsleave

outsomeconsumers.AccordingtoaTransUnion2022globalstudy,8.1millionpeopleintheU.S.(3%ofadults)areconsideredcreditunserved,andanother37millionareconsideredcreditunderserved(14%ofadults);in

Canada,9.6millionpeopleareeithercreditunservedorunderserved,morethan30%ofadults.

“Oneofthehopesandadvantagesofopenbankingor

openfinanceisthatwearecreatingmoreofthatpositivetrajectory,andovertime,financialserviceswould

becomemoreinclusive.”

RajaChakravorti,UniversalAccessLead,Plaid

Systemsthatevaluateconsumerdatacanbefraught

withbiases.IntheUK,theFinancialConductAut