Open Banking has arrived … what?
The Independent notes the significant change that has crept up on us. Expect more in Canada methinks. This weekend a major change in the way banks manage your data takes place, one that could completely revolutionise how we bank, who owns our financial data and which companies can offer us targeted financial services. It’s called Open Banking and it’s driven by a new EU directive and new UK competition rules. Changes taking effect this weekend mean that banks will have to share financial data such as transaction history and spending patterns with other (regulated) third-party providers if the account holder … Continue reading Open Banking has arrived … what?
