New research from McKinsey Global Institute finds that the potential value of open financial data for a country ranges up to 5 percent of GDP, depending on economic structure and levels of financial access. Emerging economies stand to benefit more than advanced ones because they tend to have lower levels of financial inclusion and less financial depth. All market participants benefit to varying degrees.
To read the article, see “Financial data unbound: The value of open data for individuals and institutions,” June 24, 2021.