The Ecosystem Imperative - Digital Transformation of Financial Services and Moving from Open Banking to Open Data

This report focuses on the importance of advancing the dialogue to achieve Open Data rather than pausing mid-way at one-way information sharing out of the financial industry. This document builds on research from IIF, Deloitte and insights from senior and C-suite executives. It explores how different data-sharing frameworks function as ecosystems with the potential to achieve goals for policymakers and market participants alike. 

The report shares thought-provoking insights on the following fronts: 

• Roles and responsibilities.
• Common objectives of an Open Data ecosystem. 
• Technological panorama and ecosystems. 
• Strategic role of consumer data. 
• Value generated.