Open Banking

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Open banking is a simple, secure way to share your financial data with financial technology companies of your choice to help with peforming income verifcation.

It's secure, it's quick, it's convenient – and over 55 million businesses and consumers in the UK already use it. Apps and services are regulated by the Financial Conduct Authority to ensure standards are enforced.

Is Open Banking Secure?

Open banking is built on the secure systems already used by familiar high street banks and new fintech firms.

You may even be using it already to pay utilities and tax bills, to help manage your money, or to find financial products or services that suit you better.

With open banking, you’re never asked to share security details. You’ll be asked to authenticate your details using a combination of a password or PIN, fingerprint or facial recognition, and a mobile phone message or card-reader.

Click here to find out more about Open Banking