As financial ecosystems become increasingly interconnected, Open Banking stands at a pivotal crossroads. This session explores how evolving regulation, data ownership frameworks, and consumer expectations are shaping the next phase of Open Banking globally. We will examine the regulatory landscape—from PSD2 and emerging Open Finance rules to jurisdictional divergences—and what these changes mean for banks, fintechs, and policymakers. The discussion will also address data rights: who truly owns financial data, how consent should be managed, and how trust can be strengthened in a data-driven economy. Finally, we will focus on consumer choice, highlighting how Open Banking can move beyond compliance to deliver meaningful innovation, competition, and financial inclusion. Attendees will gain insights into future business models, risks, and opportunities, and leave with a clearer understanding of how Open Banking can empower consumers while maintaining security, transparency, and regulatory integrity.