Publication:
Key Considerations for Open Finance

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dc.contributor.authorCGAP
dc.contributor.authorBIS
dc.contributor.authorIMF
dc.contributor.authorUNSGSA
dc.contributor.authorWorld Bank
dc.date.accessioned2025-01-06T21:19:01Z
dc.date.available2025-01-06T21:19:01Z
dc.date.issued2025-01-06
dc.description.abstractThis work aims to provide high-level considerations for financial sector authorities implementing or looking to implement open finance. While design and implementation should consider the circumstances of each market and be tailored to the defined policy objectives, the considerations in this document are intended to be relevant to most open finance initiatives. To that end, this document articulates ten key elements of open finance ecosystem design. It highlights connections between different design and implementation choices and potentially desired outcomes. When applicable, the advantages and disadvantages of alternative options are provided. The considerations are based on emerging good practices and existing standards in related areas. This document focuses on: (i) open finance (instead of open banking or open data); (ii) sector-wide arrangements (instead of individual initiatives) or bilateral arrangements); and (iii) country-level data sharing (instead of cross-border).en
dc.identifierhttp://documents.worldbank.org/curated/en/099121824111037522/P1809671abadcb04a1a2f112c8b33f037ad
dc.identifier.doi10.1596/42617
dc.identifier.urihttps://hdl.handle.net/10986/42617
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectOPEN FINANCE
dc.subjectIMPLEMENTATION CHOICES
dc.subjectGOVERNANCE
dc.subjectINFRASTRUCTURE
dc.titleKey Considerations for Open Financeen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-01-06
okr.date.doiregistration2025-04-14T11:55:29.720076Z
okr.date.lastmodified2024-12-19T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/099121824111037522/P1809671abadcb04a1a2f112c8b33f037ad
okr.guid099121824111037522
okr.identifier.docmidP180967-abadcb51-5dba-484a-a2f1-2c8b33f037ad
okr.identifier.externaldocumentum34438447
okr.identifier.internaldocumentum34438447
okr.identifier.report195724
okr.import.id6214
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099121824111037522/pdf/P1809671abadcb04a1a2f112c8b33f037ad.pdfen
okr.region.geographicalWorld
okr.sectorBanking Institutions
okr.topicFinance and Financial Sector Development::Financial Structures
okr.unitProsperityFCIFinInclInfra&Acc (EFNFI)
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