The advent of open banking has been one of the most transformative developments in the UK’s financial sector, paving the way for the thousands of fintech startups that have formed arguably the sturdiest pillar of Britain’s wider tech ecosystem.
With open finance technology, managing, moving and understanding money has become far easier, but the economic challenges faced by people in the UK and beyond are growing rapidly.
At a time of economic uncertainty, consumers and businesses are faced with vast challenges when it comes to fund management and securing their financial futures.
Open finance has provided a glimpse of what modern finance companies are capable of offering, and at a time where technological innovations are coming faster than ever but personal finances are becoming more difficult to manage, it is likely that open banking-powered fintech will be positioned as an essential tool....