How Open Finance is Changing Financial Services
Overview
Open finance can transform how customers interact with their finances and how companies compete for their business. It allows organisations across banking, financial services, retail and insurance to deliver more personalised customer experiences by enabling consent-driven data sharing between institutions. Moving beyond open banking, open finance connects a broader range of financial data, giving customers greater visibility and control over their payments, loans, savings and investments.
Connected and permissioned financial data is no longer viewed as a future ambition but a competitive necessity for financial services. According to a recent FT Longitude report, 76% of consumers are prepared to switch providers for greater transparency, smarter digital features and more personalised insights. Organisations that are already embracing open finance are seeing measurable gains from increased revenue and improved KPIs to deeper customer engagement. However, significant value remains untapped. Fragmented data, unreliable APIs and challenges in securing meaningful customer consent are limiting progress; concerns around security and trust slowing wider adoption.
This Financial Times webinar, hosted in partnership with Mastercard, is for financial service leaders to gain clarity on the opportunities and practical realities of open finance. The discussion examined how organisations can embed open finance into their growth strategies, unlock new value from data and provide more seamless, consumer-centric financial services.
Leading speakers in business and finance
Future Potential
As open finance reaches a tipping point, how are financial services and adjacent sectors viewing its potential?
Growth Opportunities
Where are organisations seeing the most tangible growth opportunities from open finance?
Practical Barriers
What are the biggest practical barriers holding organisations back from adopting open finance?
Why watch?
Understand
The big picture, not just the individual strands of the business you work in
Discover
New approaches and strategies to help win market share