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Consumer Financial Well-Being Gets a Boost from UK Open Banking and Open Finance

Open Banking and open finance are one of the greatest changes in the competitive landscape in consumer finance in decades.

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Open Banking and open finance are one of the greatest changes in the competitive landscape in consumer finance in decades. Yet regulatory and competitive information tend to monoplise most discussions on the topic. It’s important to remember that from its origins in the UK just over five years ago, Open Banking is designed to provide consumers with more account options leading to better financial well-being.