Central bank approves open finance rules

By Mayvelin U. Caraballo

Jun 21, 2021 12:45 am

The country's monetary authorities have greenlighted the open finance framework rules, which are viewed as a critical enabler for digital transformation and financial inclusion.

'The open finance framework recognizes that advances in technology will facilitate the development of bespoke products and services for every Filipino using their own consumer data,' the Bangko Sentral ng Pilipinas (BSP) said in a statement over the weekend.

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