New aproach for a wider and faster uptake – Open Banking data fees to incentivise banks, especially large ones

Business banking platform Tide has accused the UK’s banks of dragging their feet on Open Banking, arguing for the introduction of data fees to incentivise the sector to promote wider uptake, according to Finextra. In a submission to the Competition and Markets Authority review into governance arrangement for the new entity to take over from the Open Banking Implementation Entity (OBIE), Tide proposes removing the block on charging to access data […]