Open banking: The money revolution nobody knows about | The Independent

ab1630's bookmarks 2018-01-14

Summary:

"This weekend a major change in the way banks manage your data takes place, one that could completely revolutionise how we bank, who owns our financial data and which companies can offer us targeted financial services. It’s called Open Banking and it’s driven by a new EU directive and new UK competition rules. Changes taking effect this weekend mean that banks will have to share financial data such as transaction history and spending patterns with other (regulated) third-party providers if the account holder requests it...."

Link:

http://www.independent.co.uk/money/spend-save/open-banking-eu-uk-share-financial-data-transaction-history-spending-patterns-a8151761.html

From feeds:

Open Access Tracking Project (OATP) » ab1630's bookmarks

Tags:

oa.new oa.uk oa.data oa.business oa.economics oa.finance oa.banking oa.policies oa.europe oa.privacy oa.security oa.attitudes oa.cs

Date tagged:

01/14/2018, 15:30

Date published:

01/14/2018, 10:30