The UK is a pretty divided nation right now but if there’s one sector that is actually closing ranks, it’s the commercial finance sector. Indeed, there’s one recent UK banking trend that underlines this commitment to making banking easier and more inclusive – open banking. Open banking was launched in 2018 by the Competition and Markets Authority on behalf of the UK Government to give people more options and greater consolidation of their finances. It’s about transparency and letting third parties develop apps that allow users to manage all of their financial concerns from one centralised location. It gives people…
Open Banking trends to look out for in 2021
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