Open Banking | RRL

A quiet revolution is afoot: it’s called Open Banking. ‘Manage, Move and Make More of Your Money,’ says the Open Banking Implementation Entity (OBIE). OBIE was set up following a report that traditional banks ‘do not have to compete hard enough for customers’ business.’ So since January 2018, customers with the UK’s largest banks have been able to share data in their current account securely with third parties.

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