February 03, 2023

Retail Banker International

Open banking lands in the UK consumer’s lap

While the financial services business may celebrate the success of open banking and debate the fine points about its future the operative direction of travel here is that open banking has landed in the lap of the consumer. It’s here that its applications will outweigh its concepts, driven, unfortunately, by a stinging cost of living crisis that has gripped UK consumers tighter than any winter chill ever could.

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