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Rejecting the findings of a banking sector probe, the central bank said the industry should not reduce hurdles for smaller players but encourage “mavericks”.
The Financial Conduct Authority intends to examine how Big Tech firms’ datasets could unlock better insurance products, more competitive prices, and wider
Manufacturers should provide detailed guidelines on how the collected data is processed, stored and protected. They should also explain any measures to prevent unauthorised access or data breaches
The former chief commercial officer of Prime Capital has joined the fintech company as its new head of sales.
Westpac has partnered with mortgage processing technology company NextGen to use open banking for home loan applications across all its brands.