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The European Data Portal released a new study on the value created by open data across Europe and builds on the EDP's 2015 report "Creating Value through Open Data".

This paper builds on the Bank of England's response to the Future of Finance Report, where the Bank proposed an Open Data Platform to boost access to finance for SMEs. The Open data for SME finance paper explains the proposal in more detail, and provides an update on what we have learnt from our research and industry engagement to date.

The Bank for International Settlements (BIS) launched Project Aperta (Latin for "open") to explore how to reduce frictions and costs in global finance by enabling seamless cross-border data portability. The project aims to connect the domestic open finance infrastructures of different jurisdictions. The initial use case to be explored is in trade finance for small and medium-sized enterprises (SMEs), with many more applications to follow. Project Aperta collaborators include the Central Bank of the United Arab Emirates, the Banco Central do Brasil, the U.K. Financial Conduct Authority , the Hong Kong Monetary Authority, and the Global Legal Entity Identifier Foundation.