REGULATION · UK
CFIT Unveils Open Property Roadmap for UK Homebuying
The Centre for Finance, Innovation and Technology (CFIT) has released a roadmap for 'Open Property,' aiming to revolutionize the UK's homebuying process. This initiative extends the 'Smart Data' journey, building on principles established by Open Banking and Open Finance to enhance data sharing and innovation in property.
WHY IT MATTERS
Standardized data sharing in property could streamline transactions, improve risk assessments, and open new fintech opportunities beyond traditional banking and finance.
Source: Finextra · 2026-05-18