As open finance expands and matures, it must establish pathways to financial and operational sustainability. A pricing and commercialization model is therefore critical to performance, system sustainability, service innovation, and expansion to new sectors. This brief examines pricing and monetization in open finance. It reviews current pricing practices, assesses how these models influence key objectives such as competition and innovation, and considers how different open finance archetypes shape the feasibility of various pricing approaches.
The brief offers considerations for pricing policy in open finance, in addition to covering the following topics:
- The four funding needs in open finance and scale of implementation costs.
- Five pricing models used globally, with benefits and trade-offs.
- How pricing policy supports competition, innovation, and financial inclusion.
- How implementation model choices shape feasible pricing options.
- Six key considerations for pricing of data exchange in open finance to be considered when developing finance policy.
Ultimately, this brief argues that policies should be designed in a way that covers the cost of implementation, fairly distributes operational expenses, and leaves new room for new firms and products to enter the open finance ecosystem while holding true to the principle of access and control of financial data by consumers.
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