Open Banking begins tomorrow - should advisers care?

'Revolutionise financial planning'

Open Banking begins on 13 January
Open Banking begins on 13 January
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A new dawn of financial data sharing will begin on 13 January as five of the UK's biggest banks have to offer consumers the opportunity to share their financial data with third parties. But how will this new age of open data trickle down to financial advice?

Previously, consumers' banking information was privy to them and their bank only, but this does not have to be the case as of 13 January. Open Banking will operate through the theory that consumers'...

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