From Open Banking Towards Open Everything | Milos Dunjic

"Open Banking initiatives bring technology at the forefront of finance by encouraging (sometimes even mandating) secure underlying account data sharing by banks. The main purpose is to enable third parties, mostly FinTech players, to utilize the open access to banking data, in order to provide value-add service applications that enable consumers to easier transact, save, borrow, lend and invest their money....

We shall be pushing for open data access standards across the board, which would create comprehensive and even playing field for ultimate data sharing and competition in the digital space. ..."