{"id":"https://openalex.org/W4411056429","doi":"https://doi.org/10.1063/5.0277721","title":"The evolution of open banking: Transforming financial services with data-driven technologies","display_name":"The evolution of open banking: Transforming financial services with data-driven technologies","publication_year":2025,"publication_date":"2025-01-01","ids":{"openalex":"https://openalex.org/W4411056429","doi":"https://doi.org/10.1063/5.0277721"},"language":"en","primary_location":{"id":"doi:10.1063/5.0277721","doi":"https://doi.org/10.1063/5.0277721","is_oa":false,"landing_page_url":"https://doi.org/10.1063/5.0277721","pdf_url":null,"source":{"id":"https://openalex.org/S2764696622","display_name":"AIP conference proceedings","issn_l":"0094-243X","issn":["0094-243X","1551-7616","1935-0465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310320257","host_organization_name":"American Institute of Physics","host_organization_lineage":["https://openalex.org/P4310320257"],"host_organization_lineage_names":["American Institute of Physics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"AIP Conference Proceedings","raw_type":"proceedings-article"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5118270622","display_name":"Najmitdinov Akhadkhon Khamitdkhanovich","orcid":"https://orcid.org/0009-0005-9740-1971","observed_orcids":["https://orcid.org/0009-0005-9740-1971"]},"institutions":[{"id":"https://openalex.org/I4405253370","display_name":"Turan International University","ror":"https://ror.org/00kfc2x89","country_code":"UZ","type":"education","lineage":["https://openalex.org/I4405253370"]}],"countries":["UZ"],"is_corresponding":true,"raw_author_name":"Najmitdinov Akhadkhon Khamitdkhanovich","raw_affiliation_strings":["Faculty of Business Administration, Department of Business Administration, Turan International University, Namangan, Uzbekistan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Business Administration, Department of Business Administration, Turan International University, Namangan, Uzbekistan","institution_ids":["https://openalex.org/I4405253370"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5032983428","display_name":"C. Senthilkumar","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I13268429","display_name":"Madurai Kamaraj University","ror":"https://ror.org/04c8e9019","country_code":"IN","type":"education","lineage":["https://openalex.org/I13268429"]},{"id":"https://openalex.org/I4405265251","display_name":"Saiva Bhanu Kshatriya College","ror":"https://ror.org/0499tpa09","country_code":"IN","type":"education","lineage":["https://openalex.org/I4405265251"]}],"countries":["IN"],"is_corresponding":true,"raw_author_name":"C. Senthilkumar","raw_affiliation_strings":["Department of commerce, Saiva Bhanu Kshatriya College, (affiliated to Madurai Kamaraj University), Aruppukottai, Tamil Nadu, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of commerce, Saiva Bhanu Kshatriya College, (affiliated to Madurai Kamaraj University), Aruppukottai, Tamil Nadu, India","institution_ids":["https://openalex.org/I13268429","https://openalex.org/I4405265251"]}]},{"author_position":"middle","author":{"id":null,"display_name":"V. O. Kavitha","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"V. O. Kavitha","raw_affiliation_strings":["School of Management, S.A. College of Arts & Science, Paruthipattu, Chennai, Tamil Nadu, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, S.A. College of Arts & Science, Paruthipattu, Chennai, Tamil Nadu, India","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5117840458","display_name":"Ergashev Rasulbek Sokhib Ugli","orcid":"https://orcid.org/0009-0000-2076-6642","observed_orcids":["https://orcid.org/0009-0000-2076-6642"]},"institutions":[{"id":"https://openalex.org/I4405253370","display_name":"Turan International University","ror":"https://ror.org/00kfc2x89","country_code":"UZ","type":"education","lineage":["https://openalex.org/I4405253370"]}],"countries":["UZ"],"is_corresponding":false,"raw_author_name":"Ergashev Rasulbek Sokhib Ugli","raw_affiliation_strings":["Faculty of Humanities & Pedagogy, Turan International University, Namangan, Uzbekistan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Humanities & Pedagogy, Turan International University, Namangan, Uzbekistan","institution_ids":["https://openalex.org/I4405253370"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5032983428","https://openalex.org/A5118270622"],"corresponding_institution_ids":["https://openalex.org/I13268429","https://openalex.org/I4405253370","https://openalex.org/I4405265251"],"apc_list":null,"apc_paid":null,"fwci":22.7829,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.99188641,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":98},"biblio":{"volume":"3306","issue":null,"first_page":"030026","last_page":"030026"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13346","display_name":"Digital Transformation in Financial Services","score":0.8314999938011169,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13346","display_name":"Digital Transformation in Financial Services","score":0.8314999938011169,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.1509999930858612,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.012199999764561653,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/open-banking","display_name":"open banking","score":0.9929999709129333},{"id":"https://openalex.org/keywords/psd2","display_name":"PSD2","score":0.902999997138977},{"id":"https://openalex.org/keywords/financial-data-sharing","display_name":"financial data sharing","score":0.8640000224113464},{"id":"https://openalex.org/keywords/artificial-intelligence-in-finance","display_name":"artificial intelligence in finance","score":0.6809999942779541},{"id":"https://openalex.org/keywords/machine-learning","display_name":"machine learning","score":0.9350000023841858},{"id":"https://openalex.org/keywords/blockchain","display_name":"blockchain","score":0.8510000109672546},{"id":"https://openalex.org/keywords/distributed-ledger-technology","display_name":"distributed ledger technology","score":0.9539999961853027},{"id":"https://openalex.org/keywords/big-data-analytics","display_name":"big data analytics","score":0.9980000257492065},{"id":"https://openalex.org/keywords/application-programming-interfaces","display_name":"application programming interfaces","score":0.9210000038146973},{"id":"https://openalex.org/keywords/fintech","display_name":"fintech","score":0.8640000224113464},{"id":"https://openalex.org/keywords/robo-advisors","display_name":"robo-advisors","score":0.8889999985694885},{"id":"https://openalex.org/keywords/credit-risk-assessment","display_name":"credit risk assessment","score":0.9599999785423279},{"id":"https://openalex.org/keywords/fraud-detection","display_name":"fraud detection","score":0.9990000128746033},{"id":"https://openalex.org/keywords/open-finance","display_name":"open finance","score":0.6010000109672546},{"id":"https://openalex.org/keywords/embedded-finance","display_name":"embedded finance","score":1.0},{"id":"https://openalex.org/keywords/decentralized-finance","display_name":"decentralized finance","score":0.9950000047683716},{"id":"https://openalex.org/keywords/financial-inclusion","display_name":"financial inclusion","score":0.9599999785423279},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.6830000281333923}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4533899426460266},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.44328197836875916},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3848119080066681},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.300545871257782}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1063/5.0277721","doi":"https://doi.org/10.1063/5.0277721","is_oa":false,"landing_page_url":"https://doi.org/10.1063/5.0277721","pdf_url":null,"source":{"id":"https://openalex.org/S2764696622","display_name":"AIP conference proceedings","issn_l":"0094-243X","issn":["0094-243X","1551-7616","1935-0465"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","jufo-1","norway-1"],"host_organization":"https://openalex.org/P4310320257","host_organization_name":"American Institute of Physics","host_organization_lineage":["https://openalex.org/P4310320257"],"host_organization_lineage_names":["American Institute of Physics"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"AIP Conference Proceedings","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.5378999710083008}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":4,"referenced_works":["https://openalex.org/W2771783049","https://openalex.org/W2911975401","https://openalex.org/W2945093051","https://openalex.org/W4232617623"],"related_works":["https://openalex.org/W4408322795","https://openalex.org/W7220308492","https://openalex.org/W7203660139","https://openalex.org/W7215332067","https://openalex.org/W4409992014","https://openalex.org/W6930746596","https://openalex.org/W4387872383","https://openalex.org/W4387325509","https://openalex.org/W4410241224","https://openalex.org/W4404672395"],"abstract_inverted_index":{"Open":[0,52,74,143,227,233,241,247,288,318],"Banking":[1,53,75,248,289,319],"is":[2,76,206,291],"transforming":[3],"the":[4,10,30,43,59,80,140,156,195,224,244,265,314,321],"financial":[5,48,60,69,99,159,174,201,251,269,277,295,324],"services":[6,270,278],"sector":[7],"by":[8,25,62,126],"enabling":[9],"safe":[11,196],"exchange":[12,199,255],"of":[13,45,73,82,142,158,200,226,246,268,287,317,323],"banking":[14],"data":[15,160,187,254],"between":[16,117],"users":[17],"and":[18,38,50,56,93,101,108,119,133,164,172,177,198,216,237,259,309],"third-party":[19],"providers.":[20],"The":[21,71,220,284],"data-sharing":[22],"system,":[23],"propelled":[24],"legislative":[26],"requirements":[27],"such":[28],"as":[29,184,208,232],"European":[31],"Union\u2019s":[32],"Revised":[33],"Payment":[34],"Services":[35],"Directive":[36],"(PSD2)":[37],"technical":[39,152,307],"progress,":[40],"has":[41],"facilitated":[42],"creation":[44],"new,":[46],"customer-focused":[47],"products":[49,128],"services.":[51,110,325],"enhances":[54],"competition":[55],"inclusivity":[57],"in":[58,320],"ecosystem":[61],"giving":[63],"people":[64],"more":[65,106],"control":[66],"over":[67],"their":[68],"data.":[70],"progression":[72],"intricately":[77],"associated":[78],"with":[79,162],"integration":[81,267],"data-centric":[83],"technologies,":[84],"including":[85],"Artificial":[86],"Intelligence":[87],"(AI),":[88],"Machine":[89],"Learning":[90],"(ML),":[91],"Blockchain,":[92],"Big":[94,203],"Data":[95,204],"Analytics,":[96],"which":[97],"empower":[98],"institutions":[100],"fintech":[102,120],"enterprises":[103],"to":[104,122,149,293,312],"provide":[105],"tailored":[107],"efficient":[109],"APIs":[111],"(Application":[112],"Programming":[113],"Interfaces)":[114],"enable":[115],"collaboration":[116],"banks":[118],"companies":[121],"improve":[123,294],"client":[124],"experiences":[125],"providing":[127],"like":[129],"digital":[130],"wallets,":[131],"robo-advisors,":[132],"customized":[134,218],"loan":[135],"solutions.":[136],"This":[137,301],"article":[138,221],"examines":[139,223,303],"evolution":[141,322],"Banking,":[144,228],"from":[145],"its":[146,150],"regulatory":[147,305],"foundations":[148],"present":[151],"integration.":[153],"It":[154],"explores":[155],"transformation":[157],"analysis":[161],"AI":[163],"ML":[165],"for":[166,186,194,212,298],"credit":[167],"risk":[168],"assessment,":[169],"fraud":[170],"detection,":[171],"personalized":[173],"guidance.":[175],"Blockchain":[176],"Distributed":[178],"Ledger":[179],"Technology":[180],"(DLT)":[181],"are":[182],"analyzed":[183],"remedies":[185],"security":[188],"issues,":[189],"offering":[190],"a":[191],"decentralized":[192,282],"structure":[193],"storage":[197],"information.":[202],"Analytics":[205],"examined":[207],"an":[209],"essential":[210],"instrument":[211],"forecasting":[213],"customer":[214],"behavior":[215],"creating":[217],"offerings.":[219],"also":[222],"future":[225,310],"emphasizing":[229],"new":[230],"concepts":[231],"Finance,":[234,236],"Embedded":[235,262],"Decentralized":[238],"Finance":[239,242,263],"(DeFi).":[240],"extends":[243],"tenets":[245],"beyond":[249],"conventional":[250],"services,":[252],"facilitating":[253],"across":[256],"insurance,":[257],"pension,":[258],"investment":[260],"products.":[261],"facilitates":[264],"smooth":[266],"into":[271],"non-financial":[272],"systems,":[273],"while":[274],"DeFi":[275],"provides":[276],"without":[279],"intermediaries":[280],"via":[281],"networks.":[283],"worldwide":[285],"adoption":[286],"standards":[290],"anticipated":[292],"inclusion,":[296],"especially":[297],"marginalized":[299],"people.":[300],"study":[302],"existing":[304],"frameworks,":[306],"breakthroughs,":[308],"trends":[311],"underscore":[313],"revolutionary":[315],"potential":[316]},"counts_by_year":[{"year":2026,"cited_by_count":5}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2025-10-10T00:00:00"}