Overview
South Africa is developing an Open Finance framework through the IFWG (Intergovernmental Fintech Working Group). It will require financial institutions to provide secure API access to consumer data.
Note: IFWG driving development. Industry sandbox and pilot programs active.
Jurisdiction
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Scope & Coverage
This regulation covers the following areas and services:
Key Requirements
Timeline
Official Resources
Related Regulations
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FIDA
European Union
FIDA extends open banking principles beyond payment accounts to a wider range of financial products ...
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Smart Data Schemes
United Kingdom
The UK's Smart Data initiative extends open banking principles to other sectors including pensions, ...
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CDR
Australia
Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy...
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