Promoting Financial Inclusion w. an Open Banking Marketplace
summary
A World Bank/IFC-backed, not-for-profit marketplace is live in a “friends-and-family” mode to connect banks and fintechs across 22 markets, run technically by Virtusa and designed as an API marketplace for discovery, prototyping and testing (not yet production). Membership includes ~120 fintechs, onboarding banks and insurers, with a stated aim to cut prototype timelines from six–nine months to three–four weeks, provide an AWS-hosted IDE and sandboxed API subscriptions, and standardize vetting and documentation for regulators.
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chapters (10)
- 0:00Financial inclusion initiative
- 1:30Emerging market challenges
- 3:19Real economy vs banking
- 5:07Infrastructure gaps in Asia
- 8:57FinTech adoption failures
- 11:02Open Banking Marketplace launch
- 13:58Platform features demo
- 20:46Technical partners adopters
- 23:41User-driven roadmap
- 26:14Q&A
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