Open Banking

This weekend saw the launch of the ‘Open Banking’, a term not many of us will have come across before. Open Banking requires banks to share information about our financial records with authorised 3rd parties with the aim of allowing us greater freedom and flexibility in managing our finances. This might set alarm bells ringing due to the potential for fraud if information is disclosed incorrectly or to spurious unregulated companies, but the key term here is ‘authorised’. No information can be shared without your explicit permission and the third party firm must be appropriately authorised by the Financial Conduct Authority. Imagine a single view of your personal accounts and the ability to

Find Peace of Mind is Authorised and Regulated by the Financial Conduct Authority with reference 510117. Registered as a Limited Company In England And Wales No. 06404471. Registered Head Office: Pound House, Meareway, Meare, Glastonbury, Somerset, United Kingdom, BA6 9TY

  • Facebook Social Icon
  • Twitter Social Icon

© 2017 by InnerVisions ID