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TechUK responds to the CMA’s consultation on Open Banking 30 April 2021
Source: TechUK The United Kingdom has reached an important stage for the development of Open Data initiatives, with the Open Banking Implementation Entity (OBIE) into the final roadmap for the implementation of Open Banking and the Competition and Markets Authority (CMA) having completed a consultation on the future governance model for Open Banking.
This progress in Open Banking will affect other ongoing projects on data mobility in financial services and other regulated sectors and is critical to ensuring the UK builds on the success of Open Banking.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
TechUK responds to the CMA’s consultation on Open Banking 12 hours ago
Source: TechUK The United Kingdom has reached an important stage for the development of Open Data initiatives, with the Open Banking Implementation Entity (OBIE) into the final roadmap for the implementation of Open Banking and the Competition and Markets Authority (CMA) having completed a consultation on the future governance model for Open Banking.
This progress in Open Banking will affect other ongoing projects on data mobility in financial services and other regulated sectors and is critical to ensuring the UK builds on the success of Open Banking.
Ambitious plans to boost UK fintech and financial services set out by Chancellor
Ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance were announced by the Chancellor today (19 April 2021).
From:
new FCA ‘scale box’ and Centre for Finance, Innovation and Technology to boost growth
UK to lead digitisation of finance with central bank digital currency taskforce and support for new technologies and infrastructures
additional plans for capital markets reform to enhance open and dynamic financial centre
Speaking at Fintech Week, the Chancellor Rishi Sunak set out proposals to enhance the UK’s competitive advantage in fintech, from regulatory support and reforms to help firms grow to a new taskforce to lead the UK’s work on a central bank digital currency.