1、The ecosystem imperative Digital transformation of financial services and moving from Open Banking to Open DataThe ecosystem imperative|Digital transformation of financial services and moving from Open Banking to Open Data2ContentsExecutive summary 3Context and overview 5Open Data ecosystem 8Archety

2、pes,main players,and responsibilities 11Value 15How might one measure success?20Success conditions and key capabilities 22Potential implications for policymakers and market participants 28Contacts 29Endnotes 30The ecosystem imperative|Digital transformation of financial services and moving from Open

3、 Banking to Open Data3The digital transformation of financial services is extending activities into broad ecosystems with new players and shifting roles.These ecosystems are co-evolving with dynamic value networks of diverse actors who create value through complex models of collaboration,competition

4、,and innovation.Data policies have significant impacts on the roles,responsibilities,opportunities,and value chain position for different actors in these ecosystems.The impacts of these data policies evidence the importance of broadening the scope from Open Banking to Open Data not just Open Finance

5、.This shift has the potential to realize many of the promises industry-specific data-sharing frameworks have fallen short of delivering to-date.This report from the Institute of International Finance(IIF)and Deloitte studies Open Data and shares thought-provoking insights on the following fronts:Rol

6、es and responsibilities:In an interactive Open Data ecosystem,roles are not fixed.Rather,they are dependent on the specific flow of data for each operation.Key responsibilities are those focused on ensuring safe,transparent,and efficient data flow(e.g.,secure authentication,model organization,data i