1、The APAC State of Open Banking and Open Finance ReportJune 2025With the support ofSuggested CitationCCAF&ADBI(2025)The APAC State of Open Banking and Open Finance,Cambridge Centre for Alternative Finance,University of Cambridge and the Asian Development Bank Institute.Forewords 4 Research Team and A

2、cknowledgements 7 Glossary 8 Executive Summary 9 Introduction 11 Part I:Understanding Open Banking and Open Finance 14 1.Policy Objectives of Open Banking and Open Finance 16 2.Key Actors of Open Banking and Open Finance 19 3.Key Enablers of Open Banking and Open Finance 21 4.Key Governance Framewor

3、ks of Open Banking and Open Finance 23 Part II:Implementation Trends 25 1.Trends in Governance 27 2.Trends in Policy Objectives and Regulatory Authorities 31 3.Trends in Status 32 4.Trends in Timelines of Open Banking and Open Finance 36 5.Trends in Data Sharing of Open Banking and Open Finance 38Pa

4、rt III:Jurisdiction Frameworks 46 1.Australia 48 2.Indonesia 53 3.The Philippines 57 4.New Zealand 62 5.Thailand 67 6.Pakistan 71 7.Singapore 75 8.Hong Kong,China 79 9.Japan 83 Conclusion 86 Appendices 89 Endnotes 98Contents4The APAC State of Open Banking and Open Finance ReportPart II:Implementatio

5、n Trends4The APAC State of Open Banking and Open Finance ReportThe Asia-Pacific(APAC)region is undergoing a profound transformation in financial services,driven by frameworks to enable the secure and transparent sharing of data the most critical asset in the modern financial ecosystem.Through framew

6、orks such as Open Banking and Open Finance,financial institutions are rethinking how they share and leverage customer data with consent,unlocking new opportunities for innovation while ensuring privacy and security are prioritised.In this landscape,efforts to modernise infrastructure can play a cruc