Are You 'Open' to Sharing More of your Financial Data?

Your financial data is everywhere, but could it be better utilized? You may already be familiar with the term ‘open banking’ – a simple, secure way for individuals to share data on their cash accounts with service providers to help move, manage, and make more of their money. So, it is no wonder that regulators are looking at proposals to make even more financial data widely available. 

In this article, we look at proposals for frameworks for financial data access, currently under consideration in the European Union and the United Kingdom, as well as considering the potential implications for impacted firms.