HMT Open Finance Taskforce

CFIT’s work on the Open Finance Industry-led Taskforce

The Open Finance industry-led taskforce, comprising of leading financial institutions and technology companies, has a mandate to identity and prioritise more use cases for Open Finance, data sets to be unlocked and APIs to be created to facilitate better SME finance availability. The taskforce will collectively look to identify commercially viable approaches to incentivise businesses to securely share their financial data, before considering appropriate next steps towards implementing any agreed recommendations.