UK payments community calls on Open Banking to do more to enable access for fintechs

A UK payments industry trade body is calling on the Open Banking Implementation Entity (OBIE) to force banks to do more to enable access for fintech firms. The Open Banking era, enabling Brits to share their banking data with trusted third parties, has gotten off to a subdued start in its first few months.

This has prompted the Emerging Payments Association (EPA) to write an open letter to the OBIE demanding amendments to the initiative’s framework to help third parties “realise the potential of Open Banking”.

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