Publications
- Publications
- Open Banking in the UK and Singapore: Open Possibilities for Enhancing Financial Inclusion
Open Banking in the UK and Singapore: Open Possibilities for Enhancing Financial Inclusion
Year of Publication: 2022
Month of Publication: 8
Author(s): Emma Leong and Jodi Gardner
Research Area(s): Banking and Finance Law
Name of Working Paper Series:
NUS Law Working Paper No. 2022/011
NUS Centre for Banking & Finance Law Working Paper 22/01
Journal of Business Law, 2021, Issue 5
WPS Paper Number: CBFL-WPS-2201
Abstract:
A complex relationship exists between open banking – the technological advancement of financial services through sharing of consumer data – and financial inclusion. This article analyses the implementation and regulation of open banking in the United Kingdom and Singapore, critically evaluating opportunities and challenges for utilising open banking when tackling financial inclusion