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Personal Financial Management Tools Can Boost Financial Health in India

Personal financial management (PFM) apps are emerging as a potential driver of improved financial health. By aggregating data across accounts and generating real-time insights, they promise personalized financial advice. But how is this translating into meaningful outcomes for users?

Liability in Open Finance: How Do We Make It Work for Consumers?

As open finance grows, clear liability frameworks are essential to protect consumers from fraud and data leaks. This blog explores how global regulators can build trust through better accountability, stronger consent, and collaborative oversight.

How Digital Innovation is Powering Latin America’s Financial Inclusion 

Digital innovation, inclusive fintechs, and progressive policies are transforming financial inclusion in the LAC region. With systems like PIX and open finance, millions now access, save, invest, and transact digitally, driving growth and reducing inequality.

Six Ways Open Finance Can Drive Competition and Inclusion

Open finance can make financial markets more inclusive and competitive, but only if designed intentionally. CGAP highlights six policy levers to ensure it benefits low-income and underserved people.

RDFE Lessons From the UK's Open Banking Journey

The UK’s open banking approach demonstrates how digital finance can be harnessed responsibly to promote innovation and competition while safeguarding consumers and their data, aligning well with CGAP’s Responsible Digital Finance Ecosystem framework.

Convenience Drives Rapid Adoption of Account Aggregators in India

Open finance in India has grown rapidly, with a significant rise in linked accounts through Account Aggregators (AAs). New CGAP research offers insights on key drivers of AA adoption and areas for improvement to enhance customer experience.

Trust and Awareness Will Be Key for Open Finance Adoption in India

India is pioneering open finance in developing economies, with 64 million accounts linked through its Account Aggregator ecosystem as of March 2024. As India continues to scale the ecosystem, early insights could help shape AA's future direction.

Open Finance Can Reduce Financial Inclusion Gaps: Here’s How

Open finance can be a transformational enabler to unleash the power of data to increase financial inclusion. Data-driven strategies and open finance ecosystems can revolutionize access to financial services, especially for underserved communities.

How Fostering Competition in LAC Can Revolutionize Financial Inclusion

Governments in LAC recognize the importance of advancing digital financial inclusion and fostering competition among financial service providers to improve choices and quality and lower costs for all consumers - including those living in poverty.