Open banking: Difference between revisions

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Revision as of 08:06, 24 August 2019

Banking competition.


1. UK Open Banking project.

A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to:

  • Increase competition and innovation in and around banking to improve outcomes for customers; and
  • Thereby support the fintech industry in the UK.


2. Similar initiatives in other jurisdictions.


See also