Establishing and expanding digital financial data-sharing systems presents complex technical and regulatory challenges. But secure and trusted schemes also offer a large potential upside for consumers, financial institutions, and the economy.
SAN FRANCISCO – From Australia and Brazil to Nigeria and the United States, countries are putting in place new guidelines and regulations governing the digital sharing of financial data. The aim is to spur the creation of digital-data ecosystems that smooth and speed interactions between financial institutions and their individual and corporate customers. But successful adoption of open financial data could also provide a broader boost to global GDP.
SAN FRANCISCO – From Australia and Brazil to Nigeria and the United States, countries are putting in place new guidelines and regulations governing the digital sharing of financial data. The aim is to spur the creation of digital-data ecosystems that smooth and speed interactions between financial institutions and their individual and corporate customers. But successful adoption of open financial data could also provide a broader boost to global GDP.