Across the world, governments, regulators, banks and fintechs are talking about open banking, and also trying to follow the progress and success of UK Open Banking. They sense excitement, threat and opportunity, and there is much talk about innovation, security, standards and risk. But are we all talking about the same thing? What is ‘open banking’?
Open Banking in the UK: Setting the Record Straight
February 22, 2019
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Open banking enables a consumer to connect their contracted financial institution to the services they wish to choose in order to expand their spectrum of choice in how they conduct their financial transactions.
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Open banking as pivotal for consumer choice and financial freedom
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