Data that can be used to help financial institutions to make better estimates about risks, because they gain access to the total financial footprint of their users. Data that can be shared with other financial parties, including FinTechs and other third parties.
Under open finance this sharing of data will be based on permission from the data owner, just like with open banking, now regulated by PSD2. Open finance is a big step. A welcome step. DNB is also taking a first step in making data that we have as a supervisor, available to financial parties.