Open Banking in the UK and Singapore: Open Possibilities for Enhancing Financial Inclusion

Journal of Business Law, 2021, Issue 5

NUS Law Working Paper No. 2022/011

NUS Centre for Banking & Finance Law Working Paper 22/01

University of Cambridge Faculty of Law Research Paper No. 4/2023

29 Pages Posted: 19 Aug 2022 Last revised: 17 Apr 2023

See all articles by Emma Leong

Emma Leong

National University of Singapore (NUS)

Jodi Gardner

University of Auckland - Faculty of Law; National University of Singapore (NUS); University of Cambridge

Date Written: August 19, 2022

Abstract

A complex relationship exists between open banking – the technological advancement of financial services through sharing of consumer data – and financial inclusion. This article analyses the implementation and regulation of open banking in the United Kingdom and Singapore, critically evaluating opportunities and challenges for utilising open banking when tackling financial inclusion.

Suggested Citation

Leong, Emma and Gardner, Jodi, Open Banking in the UK and Singapore: Open Possibilities for Enhancing Financial Inclusion (August 19, 2022). Journal of Business Law, 2021, Issue 5, NUS Law Working Paper No. 2022/011, NUS Centre for Banking & Finance Law Working Paper 22/01, University of Cambridge Faculty of Law Research Paper No. 4/2023, Available at SSRN: https://ssrn.com/abstract=4194256 or http://dx.doi.org/10.2139/ssrn.4194256

Emma Leong (Contact Author)

National University of Singapore (NUS) ( email )

1E Kent Ridge Road
NUHS Tower Block Level 7
Singapore, 119228
Singapore

Jodi Gardner

University of Auckland - Faculty of Law ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

National University of Singapore (NUS) ( email )

Singapore
Singapore

University of Cambridge ( email )

10 West Road
Cambridge, CB3 9DZ
United Kingdom

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