Article: Five things you need to know about open banking

Money, Open Governance

Five things you need to know about open banking

Banking that is more open? More honest? Almost. Despite its rather silly name, this is the future of financial services and refers to your ability to control all the information banks hold on you.

 All that stuff on your bank statements, those transactions you made, your habits, is all valuable data that you can let other companies see so they give you a better deal. It can also be used to switch services and pay bills more easily.

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