Two million people now use Open Banking but does anyone know what it is?
The number of people using Open Banking in the UK exploded this year, rising by 100% to two million customers. But many of those people may not realise they are using it. Open Banking is the foundation on which apps function when they access personal financial information in order to offer a service. That includes bank apps that allow accounts held with numerous providers to be viewed in one place or those that alert consumers to better deals based on their current spending. Many consumers (individuals and business owners), who might baulk at the prospect of consenting to a third party having...
Source: descrier.co.uk