Open Banking is a phrase that means very little to most consumers, but has the potential to dramatically change the way we bank.
The concept is that—with the user’s consent—banks can share data with other companies, and more recently, allow companies to initiate payments.
The ability for companies to access your banking data has paved the way for a whole ecosystem of money-management tools and data aggregators.
But what’s the experience of using Open Banking actually like?
Summary: Although the challenger banks were considerably faster, all of the banks could improve the experience of using Open Banking.
In this chapter I discuss:
Case studies
Written by Peter Ramsey
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