Data portability in open banking

Abstract

This report presents a summary of the main points emerging from the virtual workshop 'Data Portability in Open Banking: Privacy and Other Cross-Cutting Issues', which was organised by the OECD jointly with the Future of Privacy Forum and the Israel Tech Policy Institute and held on 16 and 17 March 2022. It was drafted by Giuseppe Bianco and Andras Molnar (OECD Secretariat). Panellists reviewed the draft and provided input.The summary follows the structure of the workshop, and focuses on the four main issues that were addressed. Namely: i) data-driven innovation in banking: the state of play of open banking; ii) data portability and inclusion as the economic and social rationales for open banking; iii) privacy, consent and liability in open banking; and iv) co-operating among regulators, nationally and internationally. The Annex contains the workshop agenda.The summary was prepared under the aegis of the OECD Committee for Digital Economy Policy (CDEP), with input from delegates of the Working Party on Data Governance and Privacy in the Digital Economy. It was approved and declassified by CDEP by written procedure on 9 December 2022 and prepared for publication by the OECD Secretariat.