FCA launches call for input on open finance
Regulator is looking to extend the principles of open banking to other sectors including general insurance.
The Financial Conduct Authority (FCA) has published a call for input on the opportunities of ‘open finance’ in financial services.
The regulator explained that open finance builds on the principles of open banking – the sharing of data which provides new ways for customers and businesses to make the most of their money.
It added that open finance would extend those principles to other sectors including general insurance, cash savings and mortgage markets.
The aim is to make it easier for
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