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Designing the Future of Finance

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Saïd Business School, University of Oxford

Designing the Future of Finance

This course is part of AI in Financial Services: Foundations through future trends Specialization

Instructor: Pinar Ozcan

2,239 already enrolled

Included with

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6 modules

Gain insight into a topic and learn the fundamentals.

25 reviews

Beginner level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

6 modules

Gain insight into a topic and learn the fundamentals.

25 reviews

Beginner level

Recommended experience

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

How Open Banking has evolved into Open Finance and why this matters for consumers, businesses, and regulators.
The strategic objectives, principles, and global regulatory frameworks shaping Open Finance ecosystems.
The role of APIs and digital consent in enabling secure data sharing and personalised, consumer-centric financial services worldwide.

Skills you'll gain

Tools you'll learn

Application Programming Interface (API)

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

5 assignments¹

AI Graded see disclaimer

Taught in English

91% of learners achieved a positive career outcome

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Build your subject-matter expertise

This course is part of the AI in Financial Services: Foundations through future trends Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 6 modules in this course

Artificial Intelligence is reshaping financial services, but its success depends on the infrastructure that powers data access, control, and interoperability. This course explores how Open Banking, Open Finance, and platform-based models are transforming the design and delivery of financial services around the world.

You’ll examine how regulatory frameworks, API ecosystems, and evolving consumer expectations are enabling smarter, more personalized financial products. Building on the foundation of Open Banking, you’ll learn how Open Finance expands access to a broader set of financial data and what this means for innovation, competition, and inclusion. Through real-world case studies, strategic insights, and global policy comparisons, this course offers a practical, forward-looking view of the open financial ecosystem. Whether you’re a policymaker, technologist, financial professional, or curious learner, you’ll come away with the context and confidence to engage with the future of AI-enabled finance. By the end of the course, you will be able to: • Explain the evolution of financial infrastructure from traditional institutions to open, platform-based ecosystems. • Describe the core principles, objectives, and regulatory frameworks underpinning Open Banking and Open Finance initiatives. • Evaluate the strategic role of data accessibility and interoperability in enabling AI applications in financial services. • Analyse real-world case studies that illustrate how Open Finance and AI are being implemented globally. • Identify the opportunities and challenges presented by embedded finance, disintermediation, and platform envelopment. • Assess how emerging financial infrastructure impacts the design and deployment of intelligent, data-driven financial products. This is the second course in the 'AI in Financial Services: Foundations through Future Trends' specialization. We recommend completing 'AI Fundamentals in Financial Services' course first for a strong foundation before exploring the technologies and strategies shaping the future of Open Finance.

Module details

This course explores how emerging financial infrastructure like Open Banking, Open Finance, and platform-based models is enabling the next generation of AI-driven financial services. You’ll learn how standardised data access, API ecosystems, and embedded finance are transforming the way financial products are built, delivered, and personalised. As you explore the foundations of open and data-driven ecosystems, you’ll build the strategic perspective needed to effectively design and deploy AI solutions across modern financial services.

What's included

1 video3 readings

This module lays the foundation for understanding how Open Finance builds upon the core ideas of Open Banking. You'll explore how financial data access has evolved from limited banking data to a broader ecosystem that includes investments, insurance, pensions, and more. Through regulatory insights, real-world examples, and guided reflection, you’ll come to understand how and why Open Finance is transforming the future of financial services.

What's included

4 videos5 readings1 assignment2 plugins

4 videosTotal 4 minutes

Overview 1 minute
Regulation as a driver of innovation2 minutes
Why Open Finance now? Overview 1 minute
Summary1 minute

5 readingsTotal 60 minutes

Open Banking and Open Finance 15 minutes
Introduction 5 minutes
Video summary10 minutes
Why Open Finance meets the expectations of the digital age 10 minutes
Open Finance in context: key insights and personal reflections 20 minutes

1 assignmentTotal 20 minutes

Module quiz20 minutes

2 pluginsTotal 40 minutes

Understanding the key differences25 minutes
The evolution of Open Banking into Open Finance 15 minutes

This module explores the strategic purpose of Open Finance: why it exists, who it aims to benefit, and how it is structured to operate ethically and effectively. You’ll learn about the objectives that underpin Open Finance, the principles that guide its implementation (such as consent and data portability), and the regulatory frameworks that govern participation and accountability in open data ecosystems.

What's included

5 videos3 readings1 assignment3 plugins

5 videosTotal 5 minutes

Overview1 minute
Overview1 minute
Overview1 minute
Why licensing matters in Open Finance 1 minute
Summary1 minute

3 readingsTotal 45 minutes

Principles in action: real-world examples of Open Finance design 10 minutes
Licensed access and regulatory accountability 20 minutes
Open Finance in context: key insights and personal reflection 15 minutes

1 assignmentTotal 20 minutes

Module quiz20 minutes

3 pluginsTotal 45 minutes

Key objectives of Open Finance 15 minutes
Key principles of Open Finance 15 minutes
Key regulations of Open Finance 15 minutes

APIs are the technical backbone of Open Finance. In this module, you’ll explore how APIs enable secure, real-time data sharing and personalised services across banks, fintechs, and other institutions. You’ll learn about the different types of APIs, from account information to payment initiation, and examine the security, compliance, and consent frameworks that ensure responsible access. The module also covers real-world examples and highlights the opportunities and implementation challenges of building with APIs.

What's included

3 videos3 readings1 assignment3 plugins

3 videosTotal 4 minutes

What is an API?1 minute
Implementation challenges: security, standards and fragmentation2 minutes
Summary1 minute

3 readingsTotal 45 minutes

Security & compliance in Open Finance APIs 15 minutes
Unlocking opportunities: embedded finance, aggregators, and interoperability 15 minutes
APIs in context: key insights and personal reflection 15 minutes

1 assignmentTotal 20 minutes

Module quiz20 minutes

3 pluginsTotal 50 minutes

How APIs power Open Finance 20 minutes
Consent, control, and consumer trust 15 minutes
Example of how a budgeting app uses Open Finance APIs 15 minutes

Open Finance is not being implemented in the same way everywhere. This module explores how countries and regions around the world are shaping their own versions of Open Finance, based on local regulations, market dynamics, and digital maturity. You’ll compare government-led and market-led approaches, assess how global lessons are being applied (or not), and identify the key challenges and innovations emerging across jurisdictions.

What's included

1 video4 readings1 assignment5 plugins

1 videoTotal 1 minute

Summary1 minute

4 readingsTotal 55 minutes

Why global context matters 10 minutes
Comparing regional models by mandate, scope, and maturity 15 minutes
Common challenges across jurisdictions 15 minutes
Open Finance in context: key insights and personal reflection 15 minutes

1 assignmentTotal 20 minutes

Module quiz20 minutes

5 pluginsTotal 95 minutes

Interactive map: regional regulations and adoption 15 minutes
Regional focus: AMER (Americas)20 minutes
Regional focus: EMEA (Europe, Middle East, Africa)20 minutes
Regional focus: APAC (Asia-Pacific)20 minutes
Global patterns: what we can learn from each other 20 minutes

This final module consolidates your learning from across the course and invites you to reflect on what Open Finance means in your own context. You’ll review the big-picture shifts in data access, infrastructure, regulation, and consumer empowerment, and then apply your learning through a capstone assignment that challenges you to design an inclusive Open Finance strategy for a fictional country.