What is open banking?

See how open banking can tap into your transaction data to find better financial products or services. Find out more here www.openbanking.org.uk
Open banking is here. An opportunity for people and businesses to use their transaction data to access better financial products and services.
Step into an ecosystem, new apps and offerings from fintechs and financial institutions created to empower users, but only with your consent.
Perhaps you're paying too much for an overdraft.
Authorise a comparison app to analyse your account and find a better fit based on your specific spending.
Or bring open banking into your business.
Connect your bank account and accounting platform to issue payment reminders.
Keep records up to date and spend less on making and receiving payments.
Of course, you are always in control over who can view your data. You can manage access at any time.