1、1The Roadmap to Open Finance in the UK-KPMG&Innovate FinanceThe Roadmap to Open Finance in the UKKPMG&Innovate Finance2The Roadmap to Open Finance in the UK-KPMG&Innovate FinanceForewordOpen Banking in the UK has been a driving force for innovation.New legislation will shortly give ministers the pow

2、ers to extend open or smart data to other areas of financial services as well as other sectors like energy and retail1.This can provide the basis for Open Finance across all financial services including savings,mortgages and assets,credit,insurance and investment.This has the power to unlock huge ec

3、onomic and social benefit,enabling consumers and businesses to easily view and manage their entire balance sheet and make finance work better for them.To realise the benefits,we have to answer the question:how do we get there?How do we extend consent-based,data-driven services across datasets curren

4、tly held in numerous financial service providers to unlock new use cases and innovative services and products.We need a roadmap for Open Finance,setting out the journey to data sharing in and across all financial services.Work is just starting to develop this roadmap.This report is designed to aid t

5、hat process.It aims to:Summarise where we are starting the journey:what has already been achieved or is underway.Highlight additional building blocks needed to enable the implementation of Open Finance.Identify a set of scenarios or route options for the roadmap.Identify some of the common principle

6、s and infrastructures needed for any journey option.Provide a framework for deciding on the UKs route to Open Finance-identifying the trade-offs involved in different approaches and how data sets and use cases can be prioritised.Our aim is to provide a framework and provocation for conversation and