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Data sharing
Data aggregation on one platform to benefit consumers
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The newly launched data aggregation platform SGFinDex is part of a global move to promote open banking to narrow the information asymmetry between financial providers and customers.
ST PHOTO: TIMOTHY DAVID
Data sharing on an unprecendented scale took place last month with the launch of data aggregation platform Singapore Financial Data Exchange, or SGFinDex.
It is part of a global move to promote open banking to narrow the information asymmetry between financial providers and customers - to help customers compare deals, better manage budgets and spot fraud faster.
