Shift: The Open Finance Community

Collaboration, partnerships and integrations will be essential in the effort to push the Open Finance agenda forward.

The Open Finance Community – SHIFT was therefore established as a dedicated, industry-wide forum that allows the founders and leaders of organisations across the ecosystem to engage as an aligned community to drive actions forward and really accelerate the Open Finance agenda.

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Focus of the community

Shift: The Open Finance Community

Data categorisation & taxonomies

Tackling the inconsistencies that exist across different data classifications and categorisations – with the AISPs and API providers that enrich data today
Shift: The Open Finance Community

Access to non-banking APIs

Crafting a model between a focused group of impacted fintech’s that incentivises or encourages non-banking participants to share crucial customer data, in the absence of a formal, prescriptive regulatory framework
Shift: The Open Finance Community

Regulatory issues

Establishing a forum that has the ear of the regulator to raise and solve regulatory issues surrounding Open Finance – creating a larger voice through a connected group