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Publication
Camila Quevedo-Vega, Jessica Meckler, Simrin Makhija

Innovation for Inclusion: A Roadmap for Inclusive Finance Policy to Navigate Rapid Technological Change

This paper presents a policy roadmap that outlines six key priorities for financial sector authorities, including leveling the playing field for diverse players, making payments systems fit for purpose, expanding open finance frameworks to open data, establishing an approach for inclusive AI, creating a framework for responsible use of tokenization, and building adaptive and innovation-ready ecosystems.
Publication
Denise Dias, Rafe Mazer, Ivo Jeník

Open Finance Oversight and Supervision: Emerging Practices and Early Lessons

This working paper brings new insights on the supervision of open finance to inform policy and regulatory design in emerging markets and developing economies.
Publication

Key Considerations for Open Finance

Open finance frameworks have the potential to increase innovation, boost competition, empower customers, and deepen financial inclusion. However, they also introduce new risks that necessitate careful design and robust safeguards. As more countries explore or implement these frameworks, CGAP, BIS, IMF, UNSGSA, and the World Bank offer key considerations for designing effective and inclusive open finance frameworks.