The government is to unveil an Open Banking project from early next year, making it easier for customers to access innovative products and services that better suit their needs.
In its Budget documents published today, the government said it has “now secured the commitment of the largest banks to extend Open Banking to more payment products, including credit cards”.
The second phase of the Nesta Open-Up Challenge will also award £2.5m to firms to develop innovative Open Banking apps to support greater customer choice and flexibility











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