Clydesdale owner CYBG sees opportunity in open banking | Business | The Times

The owner of Clydesdale and Yorkshire banks is aiming to become the first of the high street’s challenger lenders to help customers to link their accounts at various banks in one place.From next month, CYBG is planning to offer a service giving users access to new “open banking” technology via its smartphone app to see their accounts with other lenders.Many consumers have two or three accounts but cannot easily keep track of them all. Creating “portals” bringing the information together is seen as one of the early uses of open banking reforms ordered by the Competition and Markets Authority.

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