Jump to content

Open Banking, should I be concerned?


Recommended Posts

Posted
3 hours ago, SootySport said:

The banks themselves I would think.   They'll be selling the right to access your account to other financial institutions.    They boobed with the PPI schemes and other hair brained schemes in the past so this a another 'get rich quick' idea.    It'll go pear shaped in a few years when they sell access to the Nigerians

flat,800x800,075,f.jpg

This scheme was created by the CMA. The banks can't charge for providing the data.

Posted

Insurance companies would be my concern. From a spend review they would be able to assess risk, and possibly get it wrong.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

Please review our Terms of Use, Guidelines and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.