In Blogs, deloitte

Four key parts of the API economy

March 17th, 2018 / Blogs, deloitte

New Open Banking regulations will provide simplified and uniform access to the data in customer current accounts via application programming interfaces (APIs), and a wide array of new innovations in retail financial services may follow.

Any organisation wishing to access customer current accounts will, of course, need permission from the customer in question, and they will also have to be approved by the Financial Conduct Authority (FCA) under the terms of the Open Banking regulations. Read more here.