The open banking regime inaugurates a new data-first era in financial services, and tools like Digital Passport will allow banks to harness it. Upcoming regulations will require a much firmer grasp on where and when financial and personal data circulates between consumers, financial institutions, and other service providers. All of this means consumers are acquiring greater control over their financial data. The only question is: what they will do with it?

Discover more about how financial inclusion is driving emerging markets here.

This article was produced on behalf of EY by Quartz Creative and not by the Quartz editorial staff.

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