Open Finance & Data

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CFIT Open Finance Blueprint Report

The blueprint for open finance in the UK: the strategies, data foundations and industry coordination needed to move from open banking to genuine open finance.

In partnership with CFIT

About this report

The CFIT Open Finance Blueprint sets out what it takes to move the UK from open banking to genuine open finance: the strategies, data foundations, and industry coordination required to get there.

Developed with the Centre for Finance, Innovation and Technology, it brings together actionable insights and the key trends shaping the open finance landscape for financial professionals and business leaders alike.

What’s inside

  • Proofs of concept developed with more than 60 organisations across industry, regulators and consumer groups

  • Why over 25% of SME loan applicants referred to manual underwriting could justifiably have been offered credit

  • How a personal financial data dashboard built with Citizens Advice could reach up to 150,000 more financially vulnerable people, worth around £1,000 each per year

  • A potential roadmap for delivering open finance, with prioritised data sets and priority use cases

Published

Format

PDF

Pages

46

In partnership with

CFIT

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