Category: Reports

Open Finance is expanding in emerging markets across Africa, Asia, and Latin America, driven by a mix of government policy and private sector innovation. Open Finance in emerging markets brings its own particular needs in areas such as financial inclusion, and risk in areas such as consumer protection. Across these geographies, Open Finance can build on a decade of electronic payments expansion to be a transformative force for financial inclusion, competition, and innovation.

To grow the conversation on Open Finance in emerging markets, Raidiam is pleased to share two reports, “Moving Markets Towards Open Finance” and “Consumer Protection for Open Finance”, authored by Rafe Mazer, Director of Fair Finance Consulting and a leading voice on consumer protection and competition in digital financial services.

These reports, prepared through funding from the Bill & Melinda Gates Foundation, offer a fresh perspective on the trade-offs of mandatory and voluntary Open Finance models, and the seven key consumer risks that need to be addressed for Open Finance to thrive in emerging markets.

Download report: Consumer Protection for Open Finance

Download report: Moving Markets Toward Open Finance

Rafe Mazer is Director of Fair Finance Consulting, a consumer protection and competition policy advisory firm. Rafe is a global leader on consumer protection and competition in digital financial services, partnering with governments and financial institutions to build policies and products that balance innovation with consumer protection and fair competition. These reports were prepared with the support of the Bill & Melinda Gates Foundation. All opinions are solely those of the author.

Any business wondering where to start when creating their own data sharing ecosystem, whether the driver is regulatory or a desire to excel in the API economy, will find this checklist vital. It sets out the key ‘who’, ‘what’ and ‘how’ questions that apply to every ecosystem and which it pays to consider upfront.

Raidiam, the award-winning data sharing specialists are well placed to have created this checklist, having spent the past six years designing and developing the world’s most exciting ecosystems, amongst others including Open Banking in the UK and Brazil. Building on their unique experience they have secured their place as the go-to people for advice and support, and are the first company in the world to enable organisations to create and control their own ecosystems, rather than just join those managed by others.