Summary
The Twimbit open finance radar Q2 2025 report provides a comprehensive overview of the latest open banking and open finance developments across Asia-Pacific. Focusing on the evolution of digital financial services, the report examines key initiatives in embedded finance, API-driven payments, and data-enabled lending. It highlights how open banking frameworks are reshaping mortgage broking in Australia, with new tools enabling brokers to monitor client circumstances and respond to changing risk profiles. The report also explores the rise of embedded insurance in Thailand and Australia, where API-based platforms are making insurance products more accessible through non-traditional channels such as payroll and HR systems. In New Zealand, the partnership between Westpac and POLi demonstrates how secure, consent-based payment models are being operationalised to enhance transaction security and customer trust. The launch of India’s first UPI credit card by Slice is analysed as a milestone in embedding credit within digital payments, expanding access for underserved consumers. Throughout, the report addresses critical questions: How are open finance and embedded finance models changing the distribution of credit, insurance, and payments? What are the implications for banks, fintechs, and ecosystem partners? How do regulatory frameworks and data-sharing standards influence adoption and innovation? This quarterly radar equips financial institutions, technology providers, and regulators with insights into the shifting landscape of open finance, helping them anticipate trends and strategic opportunities in the bank of tomorrow.
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