Open Finance is a system that allows financial institutions to securely share their data with accredited Third-Party Providers to develop innovative financial services.
It provides customers with more choices, better financial products, and improved control over their financial information.
Customer data, transaction data, product data, and other financial information can be shared with consent.
Yes, Open Finance employs robust security measures including strong authentication, encryption, and regulatory compliance to protect customer data.
Single instant payments, future dated payments, international payments, recurring payments, and more.
Open Finance allows for the provision of quotes by leveraging end-users’ comprehensive profiles and historical data to provide more accurate, comparable, and personalised offerings.
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