Open finance extends the concept of open banking beyond payment accounts to a broader set of financial data and products: savings, investments, pensions, insurance, and sometimes lending. The idea is the same—secure, API-based access for licensed third parties with customer consent—but applied across the financial ecosystem.

In the EU, the proposed FIDA (Financial Data Access) regulation would create a framework for open finance, building on PSD2. The UK has been exploring open finance via the FCA and industry initiatives. Other regions are advancing similar concepts (e.g. Consumer Data Right in Australia).

The Open Banking Tracker covers open banking and open finance regulations, standards, and providers globally. Our Open Finance page and Open Finance Map summarize regulations and adoption by region.