The Open Banking Implementation Entity (OBIE) has launched the ‘Open Banking App Store’. The UK’s open banking body wants to assist consumers and businesses access suitable financial products “that will help them weather the COVID-19 crisis”. According to the Global Government Forum, the launch date has been brought forward. It notes that this is “because open banking can make life easier in lockdown – automating some transactions, for example, and thus cutting the daily queues outside high street banks”. Open banking technologies allow consumers and small businesses to connect bank accounts with authorised third parties. This can “help them better…
OBIE UK’s open banking body launches app store
OBIE UK’s open banking body launches app store
