{"id":13047,"date":"2019-06-18T11:59:22","date_gmt":"2019-06-18T11:59:22","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13047"},"modified":"2019-06-18T11:59:22","modified_gmt":"2019-06-18T11:59:22","slug":"73-of-british-smes-don-t-understand-what-open-banking-is","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/73-of-british-smes-don-t-understand-what-open-banking-is\/","title":{"rendered":"73% of British SMEs don\u2019t understand what open banking is"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A survey of 1,000 small- and medium-sized enterprises (SMEs) carried out on behalf of iwoca (a leading British FinTech) found that nearly three quarters (73%) were unable to identify what open banking is, indicating a severe lack of public awareness surrounding open banking and its benefits. iwoca announced that it will continue its work to finalize connections with banks, helping to maximize the impact of open banking. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Open banking is an important tool for helping SMEs better manage their finances and provide quality services to consumers. It is important to note that SMEs are, themselves, an important part of the United Kingdom\u2019s economy, employing 16 million and having a combined turnover of more than GBP 2 trillion.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13047 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='British &#8220;neobank&#8221; Revolut expands to include cryptocurrencies'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/british-neobank-revolut-expands-to-include-cryptocurrencies\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/38558-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7386\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7386'>\n\t\t\t\tBritish &#8220;neobank&#8221; Revolut expands to include cryptocurrencies\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Open APIs changing the future of payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-apis-changing-the-future-of-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/light-trails-above-buildings_1359-714-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9539\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9539'>\n\t\t\t\tOpen APIs changing the future of payments\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Startups and London in the wake of Brexit'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/startups-and-london-in-the-wake-of-brexit\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/startups-and-london-in-the-wake-of-brexit-e1549898335319-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12254\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12254'>\n\t\t\t\tStartups and London in the wake of Brexit\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A survey of 1,000 small- and medium-sized enterprises (SMEs) carried out on behalf of iwoca (a leading British FinTech) found that nearly three quarters (73%) were unable to identify what open banking is, indicating a severe lack of public awareness surrounding open banking and its benefits. iwoca announced that it will continue its work to &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,292],"tags":[287,141],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13047"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=13047"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13047\/revisions"}],"predecessor-version":[{"id":13048,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13047\/revisions\/13048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13067"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}