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 – 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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