{"id":5144,"date":"2022-05-16T22:10:15","date_gmt":"2022-05-16T22:10:15","guid":{"rendered":"https:\/\/www.forwardai.com\/knowledge-center\/?p=5144"},"modified":"2022-05-17T01:47:38","modified_gmt":"2022-05-17T01:47:38","slug":"how-is-open-banking-paving-the-way-to-open-finance","status":"publish","type":"post","link":"https:\/\/www.forwardai.com\/knowledge-center\/press\/how-is-open-banking-paving-the-way-to-open-finance\/","title":{"rendered":"How is Open Banking Paving the Way to Open Finance?"},"content":{"rendered":"
\n

Though open banking has been around for half a decade, there\u2019s a new term on the block \u2013 open finance. Where open banking is the exchange of data between financial institutions and third parties, open finance is the next step in that journey. Open finance goes beyond the data and services available at your bank, and covers your entire financial footprint, allowing third parties to create even more tailored services.\u00a0<\/em><\/p>\n<\/div>\n

Many in the industry believe open finance will lead to better financial services overall, we spoke to some of the leading fintech experts to find out what they think.\u00a0<\/em>Read more on The Fintech Times.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Though open banking has been around for half a decade, there\u2019s a new term on the block \u2013 open finance. Where open banking is the exchange of data between financial institutions and third parties, open finance is the next step in that journey. Open finance goes beyond the data and […]<\/p>\n","protected":false},"author":1,"featured_media":5147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-5144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"\nHow is Open Banking Paving the Way to Open Finance? - ForwardAI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.forwardai.com\/knowledge-center\/press\/how-is-open-banking-paving-the-way-to-open-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is Open Banking Paving the Way to Open Finance? - ForwardAI\" \/>\n<meta property=\"og:description\" content=\"Though open banking has been around for half a decade, there\u2019s a new term on the block \u2013 open finance. Where open banking is the exchange of data between financial institutions and third parties, open finance is the next step in that journey. Open finance goes beyond the data and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.forwardai.com\/knowledge-center\/press\/how-is-open-banking-paving-the-way-to-open-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"ForwardAI\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-16T22:10:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-17T01:47:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.forwardai.com\/knowledge-center\/wp-content\/uploads\/2022\/05\/FI-Knowledge-Press-fintech-times-chandi-how-open-banking-paving-open-finance.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ForwardAI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ForwardAI\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/\"},\"author\":{\"name\":\"ForwardAI\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#\\\/schema\\\/person\\\/9970d595580fb56aed244d3a949455d1\"},\"headline\":\"How is Open Banking Paving the Way to Open Finance?\",\"datePublished\":\"2022-05-16T22:10:15+00:00\",\"dateModified\":\"2022-05-17T01:47:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/FI-Knowledge-Press-fintech-times-chandi-how-open-banking-paving-open-finance.png\",\"articleSection\":[\"Press\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/\",\"url\":\"https:\\\/\\\/www.forwardai.com\\\/knowledge-center\\\/press\\\/how-is-open-banking-paving-the-way-to-open-finance\\\/\",\"name\":\"How is Open Banking Paving the Way to Open Finance? 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