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Open Banking and Financial Inclusion
Creating a Financial System That Provides Security and Equity
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About the book
Open Banking and Financial Inclusion enables readers to make informed decisions about open banking.
Open Banking creates opportunities to develop more innovative products, increase customer satisfaction, and has the potential to open up access to financial services to those previously excluded and underbanked. Open Banking and Financial Inclusion reviews the opportunities, realities and limitations of open banking as it pertains to social inclusion, acknowledging the importance of impact and authenticity in ESG actions. It considers whether open banking is really working for the benefit of consumers by speaking to key people across the open banking, fintech and data sharing industry and also explores how banks and fintechs are measuring their social impact.
Readers will gain insights from real people about their journey from financial exclusion to inclusion, and the part played by open banking. They will also access case studies offering an in-depth picture of how open banking has developed in both emerging and developed markets and where open banking has been successful in promoting financial inclusion. Open Banking and Financial Inclusion investigates the ultimate intention of open banking and its lead up to open finance.
About the authors
- Ellie Duncan skilfully explains the impact of financial exclusion for all economies - whether as a result of geography, race, gender, education or employment status - and examines what different jurisdictions are doing to minimise its impact. For those of us who believe that open banking should ultimately improve the lives of all consumers, Open Banking and Financial Inclusion is a well-researched and much needed study.
- David Beardmore, Ecosystems Development Director, Raidiam
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