The ‘Global State of Open Banking and Open Finance Report 2024’ provides insights from 95 jurisdictions, mapping the diverse regulatory landscapes, implementation strategies, and regional trends driving Open Banking initiatives worldwide. While Europe, Central Asia, and the MENA region lean towards regulation-led models, regions like Sub-Saharan Africa and Asia Pacific have seen more market-driven approaches—each with unique implications for financial inclusion, data sharing, and competition.
“Open banking and open finance have the potential to reshape the financial services industry globally by creating more competitive and inclusive markets,” said Bryan Zhang, Co-Founder & Executive Director of CCAF. “Our research provides a detailed look at how these frameworks are evolving and highlights where challenges and opportunities exist for stakeholders.”
Open banking and open finance have the potential to reshape the financial services industry globally by creating more competitive and inclusive markets.
Navigate open banking and finance with new digital tracker tool
Alongside the report, CCAF has launched an innovative Digital Tracker tool, enabling users to explore the development and impact of open banking and open finance across jurisdictions. The tool offers a comprehensive view of the regulatory environment, policies, and leading authorities in each region, making it a valuable resource for regulators, policymakers, and industry leaders.
In jurisdictions led by regulatory frameworks, central banks and financial authorities often play a key role in guiding open banking’s development. These regions are seeing accelerated timelines and a broader scope of data-sharing categories, enhancing opportunities for market access and financial inclusion. In contrast, market-driven jurisdictions typically focus on narrower data categories but are gradually shifting towards regulation-led models as open banking matures.
A mission to catalyse the sustainable development of financial innovation and regulation
This report and the Digital Tracker tool reflect CCAF’s mission to catalyse the sustainable development of financial innovation and to support evidence-based regulation. CCAF continues to be at the forefront of research on digital finance, providing regulators and industry leaders with insights that help drive meaningful change.
Both the ‘Global State of Open Banking and Open Finance Report 2024’ and the Digital Tracker tool are available for public access. The report will be presented at a launch event on 27 November, where attendees will have the opportunity to discuss its findings with CCAF researchers and global experts in open banking and open finance.
Download the report
The ‘Global State of Open Banking and Open Finance Report 2024’ was produced by the Cambridge Centre for Alternative Finance (CCAF) with the support of the UK Foreign, Commonwealth and Development Office (FCDO).
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CCAF has launched a Digital Tracker tool to help you explore the development and impact of open banking and open finance.
The report launch event will take place online on 27 November.
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