The Building Blocks Supporting Open Finance

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This working paper explains the importance of inclusive data ecosystems for financial inclusion of lower-income customers and underscores the pivotal role of open finance as a catalyst for inclusive data ecosystems.
It focuses on the building blocks that support the inclusive impact of open finance and highlights how open finance can impact financial inclusion.
The paper provides tangible examples of open finance implementation in Brazil and India. These real-world cases illustrate how the building blocks enable success of open finance regimes, providing practical guidance to interested policy makers.
A technical guide on the Open Finance Self-Assessment Tool and Development Roadmap is also available. The guide provides policy makers with practical tools to use when considering implementation of an open finance regime to advance financial inclusion and when outlining the implementation process.

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