Post by Admin on Oct 30, 2017 10:15:55 GMT
Open banking: 92% of the public in the dark (29 Oct 2017)
Which? explains what to expect from new rules on data sharing from Jan '18.
New rules on open banking come into force from January 2018, giving you more control over how you share your financial data – but Which? statistics show the vast majority of current account holders haven’t heard of it.
Read more: www.which.co.uk/news/2017/10/open-banking-92-of-the-public-in-the-dark/ - Which?
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www.which.co.uk/money/banking/switching-your-bank/guides/open-banking-sharing-your-financial-data (open banking)
www.paymentsuk.org.uk/news-events/news/open-banking-and-psd2-clarifying-differences - Use of APIs (Open Application Programming Interface - techie bit)
The test will be how to sort issues that may arise (if any) in court?? Changes afoot...There are pros and cons to be aware of as this gets implemented.
Which? explains what to expect from new rules on data sharing from Jan '18.
New rules on open banking come into force from January 2018, giving you more control over how you share your financial data – but Which? statistics show the vast majority of current account holders haven’t heard of it.
Read more: www.which.co.uk/news/2017/10/open-banking-92-of-the-public-in-the-dark/ - Which?
----------------------------------------------------------------------------------------------------
www.which.co.uk/money/banking/switching-your-bank/guides/open-banking-sharing-your-financial-data (open banking)
www.paymentsuk.org.uk/news-events/news/open-banking-and-psd2-clarifying-differences - Use of APIs (Open Application Programming Interface - techie bit)
The test will be how to sort issues that may arise (if any) in court?? Changes afoot...There are pros and cons to be aware of as this gets implemented.