Article: FCA to define new rules about data ethics in evolution of Open Banking

Money, Open Governance

FCA to define new rules about data ethics in evolution of Open Banking

Open Finance refers to the extension of Open Banking-like data sharing to a wider range of financial products, such as savings, investments, pensions and insurance.

The FCA published a Call for Input in December 2019 on the shift to Open Finance, which could potentially offer significant benefits to consumers, including increased competition, improved advice and improved access to a wider and more innovative range of financial products and services.

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