The objective of the new open finance guidelines is to enhance financial inclusion across various demographics. These guidelines are expected to increase access to financial services for underserved populations, promoting equitable economic opportunities.

The initiative is part of a broader effort to modernize the financial landscape and encourage traditional financial institutions to adopt more inclusive practices. By utilizing technology and data sharing, these guidelines aim to create a transparent and accessible financial ecosystem, benefiting both consumers and businesses.

Stakeholders in the financial sector are encouraged to align with these new standards to ensure that the benefits of financial services reach a wider audience and foster a more inclusive economy.