In the news: Opening up banking globally

The UK is looking ahead to how open banking could be used in the wider financial services sector, while Canada is yet to implement any system
by Bethan Rees

Open-banking_1920
Open banking – the practice that gives third-party financial service providers open access to data from banks and non-banks – has been on the rise in the UK since 2014. In an interview authored by Andra Constantinovic for The Paypers, the FCA’s director of competition, Sheldon Mills, talks about the future of open banking and how it fosters the right conditions for competition and innovation in the sector.
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Published: 08 Nov 2019
Categories:
  • The Review
Tags:
  • API
  • South Korea
  • open finance
  • PSD2
  • Open Banking
  • fintech
  • financial services
  • FCA
  • Canada
  • Banking

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