“Open Banking Will Have Positive Impact on Customer Choice,” explains Financial Expert Open Banking is becoming increasingly popular as a financial management option. But what exactly is it? Financial expert David Beard, from financial services Lending Expert, describes Open Banking and why it is becoming the preferred option for many. “Open banking is a safe way for you to allow trusted lenders and providers access to your personal financial data. Information like your income and spending habits can now be shared with lenders which allows them to make more informed and smarter lending decisions when it comes to applying for credit and loans.”