Five years on: What next for the evolution of Open Banking?

Before the implementation of Open Banking in January 2018, many experts talked about how it would shake up financial services, through greater simplification and increased competition. However, when it launched, it was largely met with indifference by consumers. Some of the bigger financial institutions showed limited interest too, failing to roll out the necessary functionality within the specified deadlines, possibly because of the feared impact sharing data with third parties could have on their profit margins. Roadmap complete Five years on, the Competition and Markets Authority...