The many shades of open banking : a comparative analysis of rationales and models

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dc.contributor.authorCOLANGELO, Giuseppe
dc.contributor.authorKHANDELWAL, Pankhudi
dc.date.accessioned2025-02-17T17:16:27Z
dc.date.available2025-02-17T17:16:27Z
dc.date.issued2025
dc.descriptionPublished online: 22 January 2025en
dc.description.abstractDespite its growing success, open banking (OB) struggles to present a coherent identity. Indeed, despite its widespread adoption around the world, various models can be identified based on rationales, the nature of data-sharing obligations, and the standardisation process. Against this background, the paper aims to evaluate the consistency of OB policies. To this end, our analysis adopts a novel approach by examining the primary rationales behind OB regulatory initiatives in some major countries (i.e., the EU, UK, Australia, the US, India, and Singapore). Identifying these rationales is crucial for assessing whether the specific features of OB solutions implemented in each country are aligned with the intended policy goals. Therefore, the paper first identifies the primary rationales supporting OB initiatives in these countries and then examines their data-sharing and standardisation approaches. By mapping the primary rationales and models in terms of data-sharing obligations and standardisation solutions, the comparative analysis shows that variations in models and approaches among the examined jurisdictions do not necessarily reflect differences in the policy goals pursued through the OB regime. As a result, by recommending regulatory and technical solutions that better align with the intended policy goals of an OB regime, such a comparative analysis can assist policymakers in countries considering the introduction of open banking to design a model that best suits their needs.en
dc.format.mimetypeapplication/pdfen
dc.identifier.citationInternet policy review, 2025, Vol. 14, No. 1, OnlineOnlyen
dc.identifier.doi10.14763/2025.1.1821
dc.identifier.issn2197-6775
dc.identifier.issue1en
dc.identifier.urihttps://hdl.handle.net/1814/78060
dc.identifier.volume14en
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherAlexander von Humboldt Institute for Internet and Societyen
dc.relation.ispartofInternet policy reviewen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.licenseAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectOpen banking
dc.subjectFinTech
dc.subjectStandards
dc.subjectData
dc.subjectRegulation
dc.titleThe many shades of open banking : a comparative analysis of rationales and modelsen
dc.typeArticleen
dspace.entity.typePublication
person.identifier.orcid0000-0002-7137-2579
person.identifier.other48003
person.identifier.other53134
relation.isAuthorOfPublicationf61d8f3d-22de-476d-9d97-99d7afc85fa2
relation.isAuthorOfPublication8eec050a-4692-4c56-9fa0-a234a46f0d0f
relation.isAuthorOfPublication.latestForDiscoveryf61d8f3d-22de-476d-9d97-99d7afc85fa2
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