In a digital world, open data is paramount for driving innovation and delivering positive social and economic transformation. In the banking context, this has been in planning for a number of years under the guise of 'open banking'. But, what is open banking?

In this podcast, Matt O’Callaghan (Head of Financial Services Asia), Natalie Pettinger Kearney (Deputy Head of EU Regulatory and Public Affairs) and Claire Harrop (Senior Associate) provide an update on where we are with open banking, and how different regulators around the globe are approaching this topic. We explore open banking from different perspectives (consumers, incumbent banks, fintechs) and look at the potential expansion into open finance, which extends the principles of open banking.