Bangko Sentral to finalise an Open Finance circular by next quarter


A draft proposal released in December 2019 showed the circular will allow for the establishment of an Open Finance Oversight Committee that will be recognised by the central bank. The self-governing, industry-led body will be responsible for its own membership and participation rules, standards, and procedures.

Besides, some parties also expressed interest in using Open Finance to expand data supply bank products such as insurance and entitlements.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright