You are here

The asymmetry of 'open banking'

Who owns your financial data, and what happens to ownership and consent when data moves to a third party?

The opening of data marks the dawn of a golden era of opportunity. It is certain that the benefit it has brought cannot be discounted. What is clear is our need to learn and improve on its re-iteration.

OPEN banking, as defined by, is the secure way to give providers access to your financial information. The site states that it "opens the way to new products and services that could help customers and small to medium-sized businesses get a better deal. It could also give you a...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to