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August 30, 2018: Bruno Gremez posted an article on LinkedIn…
The Government today clarified that banks would remain open and banking activity would continue unimpeded in the first week of September.
The biggest challenge posed by open banking is not technological or regulatory, but organisational. Business models, commercial strategies and operational practices must evolve.
Open banking gives consumers the power to better manage and share their financial data with third parties. But the introduction of open banking isn’t the end point.
» Open banking: Endless opportunities for HK financial sector On the pulse…
Amongst rushed efforts to meet regulatory obligations and deadlines in the UK, consumer education was neglected and adoption slow. Research from Experian showed it was clear half of Brits surveyed didn’t believe there was any benefit to them in sharing their current account information.
UK-based financial services consultant Altus has issued a survey revealing a higher rate of openness towards open banking among the young generation.