Back-office provider Intelliflo has been authorised by the Financial Conduct Authority (FCA) to continue to aggregate information from client bank accounts.
The FCA approval will allow Intelliflo to register as an account information service provider (AISP) under the Payment Services Regulation (PSR) 2017. The regulation, which went live in January 2018, sought to enable competition and support innovation in payments. As a result, customers were supposed to have access to greater options when paying for goods and services, moving funds and managing their payment accounts. Intelliflo said its FCA approval would enable advised clients to review the daily balances on bank accounts, and other accounts, to provide them with a holistic overvie...
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