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: THE GLOBAL IMPACT OF OPEN BANKING POLICIES
INHOUD
**Introduction:**
In recent years, Open Banking (OB) has emerged as a transformative force in the financial industry, present in approximately 80 countries worldwide. This proposal outlines the research for a master′s thesis aimed at comprehensively examining the rise of OB, its implications for the banking sector.
**Research Objectives:**
1. To analyze the global adoption and impact of Open Banking policies across different countries.
2. To investigate how Open Banking policies influence incumbent banks′ decisions to share customer data and adopt new technologies.
3. To assess the relationship between Open Banking policies and funding.
4. To explore the heterogeneity in the timing, purpose, and implementation of Open Banking policies and its impact on economic activity.
5. To evaluate the consequences of Open Banking on the financial ecosystem, including its effects on banks, fintechs, and consumers.
**Research Methodology:**
The research will involve a combination of data collection, econometric analysis, and theoretical modeling:
1. **Data Collection:** A hand-collected dataset of Open Banking policies from around the world will be compiled. Additionally, data on associated economic activities will be gathered.
2. **Econometric Analysis:** Statistical techniques will be employed to examine the causal relationship between Open Banking policies and various outcomes, such as fintech funding and the adoption of data-sharing technologies by incumbent banks.
3. **Literature Review:** A theoretical framework will be developed from the literature to model data use and sharing, with a focus on its impact on market entry, adverse selection, and product quality.
**Expected Contributions:**
This master′s thesis aims to make several contributions:
1. Provide a comprehensive analysis of the global landscape of Open Banking policies and their evolution.
2. Offer insights into the drivers and consequences of incumbent banks′ adoption of data-sharing technologies in response to Open Banking policies.
3. Assess the impact of Open Banking on fintech innovation and funding, shedding light on the dynamics of the fintech ecosystem.
4. Develop a theoretical framework that contributes to understanding the implications of Open Banking for market structure, data ownership, and consumer welfare.
**Conclusion:**
The rise of Open Banking policies is reshaping the financial industry, with implications for banks, fintechs, and consumers. This research will offer a nuanced understanding of how these policies are impacting financial markets globally and contribute to ongoing discussions about data ownership, market power, and innovation in the data-driven economy. By addressing these critical questions, the research aims to inform policymakers and industry stakeholders as they navigate the evolving landscape of banking regulation and technology-driven financial services.
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