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FEATURE18 April 2018

Open for business

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Features Finance Impact Privacy UK

Open banking began across Europe in January, but awareness is low among British consumers. Ipsos Mori conducted a study to shed light on open banking perceptions and identify people’s primary concerns. Ben Bold reports

Banks and openness have not, historically, made good bedfellows. Whether it’s the notion of a bank vault securely containing a person’s life savings, or some of the opaque practices of banks – such as charging customers exorbitant unauthorised-overdraft fees that would ...