Open Data

Open Data aims to build a mechanism that allows consumers to exercise their rights to conveniently and securely share their data stored at one provider to other providers, in order to access improved services.

The BOT has introduced a regulation to establish mechanisms that enable individuals and businesses to exercise their right to share data held by financial service providers under the BOT supervision through secure, convenient, and standardized digital channels. This regulation covers data related to deposits, loans, and payment services, including e-Money and credit cards, with the aim of fostering the development of financial services that better meet user needs. Implementation will begin in late 2026 with the sharing of personal deposit data, followed by a phased expansion to other data categories between 2027 and 2028.

Open Banking Data For Consumer Empowerment

The mechanism will allow financial service providers to access and utilize data and key digital infrastructure with standardized processes and connections, which will reduce redundancy and costs. In turn, this will enhance financial services to better serve consumer needs.