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Open Banking and the stigma of regulation in the UK

Posted by Sandstone Technology on Nov 24, 2020 9:16:55 PM
The term Open Banking started to gain notoriety in 2016 as a direct result of the UK’s Competitions Market Authority announcing plans for the top 9 banks in the UK to deliver open source APIs for 3rd party use by January 2018. Open Banking has been introduced in many countries around the world with varying regulatory controls. As a result, Open Banking is now seen by many in the industry as a compliance project and is facing internal resistance.
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Topics: Digital Banking, Featured Data & Open Banking

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