This edition of DataTalk dove into the opportunities and challenges presented by Open Finance/Open Data regulations and links with Digital ID development. As financial institutions increasingly operate in open banking or open finance frameworks, the integration of digital identity solutions becomes more consequential shaping the various opportunities across different ecosystem actors. Policy priorities for open data initiatives focus on fostering collaboration and competition in the industry while digital ID systems are enhancing verification processes and reducing fraud. The session examined how these elements are supporting new products and services, improving access to finance, changing customer experiences, and enabling secure and seamless transactions embedded in digital platforms.
This interactive session will feature experts discussing the strategic implications, challenges, and opportunities presented by these developments, including regulatory considerations and the importance of data privacy and security. Insights from thought leaders was followed by a moderated dialogue, inviting participants from member firms to share their perspectives and engage in meaningful discussions.
Please note that this event was conducted under the Chatham House Rule.
For inquiries, please contact Lokesh Bulchandani ([email protected]).