Open finance formally launched by BSP

By Mayvelin U. Caraballo

Jan 07, 2022 12:18 am

THE Open Finance Framework, expected to result in better financial goods and services for businesses and consumers and also lower financial firms' costs, has been formally launched by the Bangko Sentral ng Pilipinas (BSP).

It described open finance as an extension of data sharing principles that gives customers more control over as they allow third-party providers access to that data across numerous financial products and services.

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