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CFIT, the Centre for Finance, Innovation and Technology, today announced that it’s initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have committed to progressing Open Finance in the UK, alongside the FCA regulatory support.

Smart Data Foundry and Ozone API have a shared and aligned purpose to inspire financial innovation. The opportunity has never been greater to embrace Open Banking, Open Finance and ultimately Open Data to safely unlock the power of financial data on a global stage.

At Smart Data Foundry, our mission is to unlock the power of financial data to help improve people’s lives and to drive and foster innovation that will make fintech a success. To support this, we want to ensure that Open Banking and Open Finance are built inclusively, benefiting all in society. This week’s Queen’s speech seeks to build a new landscape of data sharing, innovation and regulation with Smart Data , that supports our mission to open finance for good.

Read about our wonderful partnerships with Equifax, Sage Group, Moneyhub and FreeAgent to support our mission to open finance for good.

As we come into 2022, we wanted to reflect our original purpose but on a broader platform and so we are launching under the name of Smart Data Foundry. An organisation designed to unlock financial data for good – not only to do good but also to create social impact that lasts for good.

Dame Julia Unwin joined Global Open Finance Centre of Excellence (Rebranded as Smart Data Foundry in February 2022) as their inaugural Chair on 13 September 2021. This marks an important step in the journey for Smart Data Foundry as they head towards incorporating as a stand-alone not-for-profit organisation later this year.