Open Banking and Finance
Refreshed January 2025 | CPD time: 1 Hour 15 Minutes
Open banking enables consumers to achieve an all-round, single platform view of all their bank accounts, allowing for easier comparison and switching, and for fintech providers to offer them innovative products and services to maximise their finances. Open finance is the next step in this process of liberating and sharing data as it extends the principles behind open banking to a much wider range of financial services products. This module examines open banking and open finance, assessing the advantages, the risks, and the latest UK and international developments. Any examples of products and services are given for educational purposes only and do not represent an endorsement.
1. Introduction
2. Developments in the UK and the EU
3. Open Finance Case Studies
4. The Risks of Open Finance
5. Ethical and ESG Advantages
6. International Approaches
7. The Future and Next Steps
Module Test