According to McKinsey, economies that allow data sharing in finance would bring about vast benefits to end-users and financial institutions, while promoting their GDPs to grow 1-5% more by 2030. Open data opens the door for more accurate and effective credit risk evaluation, risk-based pricing, and fraud protection.
Reference:
February 14, 2020 (v33)
PDF (13.36 MB)
February 14, 2020 (v33)
PDF (13.36 MB)