Data, Library, Sponsored

Open finance: An evolution of open banking

  • What exactly is open finance, and what do we stand to gain from an even greater flow of financial data?
  • In our latest whitepaper with MX, we break down the current state of affairs and why open finance matters for consumers, financial services, and brands.
close

Email a Friend

Open finance: An evolution of open banking

Even the smallest consumer has a significant financial footprint. Consumers are financially empowered when they can move this data in an easy, secure way, and wield it to the benefit of their financial wellbeing.

Open banking — the notion of data sharing across financial platforms — means that financial data is increasingly being shared, aggregated, enhanced, and put to use.

Open finance is the next step. It means opening the gateways of financial data further, and allowing for a brand new world of possibilities in the development of products that financial institutions and third party providers have not been able to provide.

Download our latest whitepaper in partnership with MX to read everything you need to know about the present moment for open finance:

  • The what, who, and why of open finance
  • The positives of data sharing and where we are in the cycle
  • Regulation movements in Europe vs. the US
  • The change to come for consumers, financial services, and non-financial brands

Download the white paper

0 comments on “Open finance: An evolution of open banking”

Outlier OpinionsMakers

Library, Podcasts, Sponsored

Case study: How Intuit’s newest upgrade of Mint helps consumers save on bills and subscriptions

  • In our latest case study, we spoke with Intuit Mint and ApexEdge about how they enable better money decisions and financial wellness.
  • Listen in or read through our conversation with Varun Krishna and Steven McKean about building and launching a partnership that takes PFM further.
Tearsheet Editors | May 16, 2022
Sponsored

Why partnerships are changing the BNPL game

  • Partnerships are helping shape a better future for the buy now, pay later industry.
  • Visa Ready for BNPL enables fintechs and select issuers to easily and quickly integrate Visa’s solutions.
Visa | May 10, 2022
Podcasts, Sponsored

The Identity Proofing Guide: Identity in the Metaverse and Web3

  • In the fourth part of our series on digital identity verification with advisory firm, Ulysses Partners, we were joined by financial industry and fintech expert David Milligan.
  • Watch or listen to our fireside chat about the future of identity proofing, and why it will only become more critical in the Metaverse and Web3.
Ulysses Partners | April 28, 2022
Data, Sponsored

How we can stop using the term ‘financial inclusion’

  • Our current credit system has led to decades' worth of errors and financial exclusion.
  • But as consumers get more autonomy in their financial decision-making, lenders may have to finally change their ways.
Nova Credit | April 26, 2022
Podcasts, Sponsored

‘We don’t care about being the first, we care about being the best’: Helix’s Ahon Sarkar

  • Q2 rebranded its platform business earlier this year as part of revisioning embedded finance.
  • Helix’s GM Ahon Sarkar joins us on the Tearsheet Podcast to discuss what he’s learned servicing big brand clients and millions of users.
Q2 | April 20, 2022
More Articles