The UK’s open banking service goes live in January 2018

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The Open Banking Implementation Entity (OBIE), the institution created by current account providers for individuals and small businesses, has confirmed that the UK will be the first country to adopt Open Banking when its service goes live in early 2018.

With Open Banking, customers can use various types of regulated company services at will without having to pass on their access data to third parties.

Imran Gulamhuseinwala OBE, Trustee of …

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