{"id":13057,"date":"2019-06-18T11:54:00","date_gmt":"2019-06-18T11:54:00","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=13057"},"modified":"2019-06-18T11:54:00","modified_gmt":"2019-06-18T11:54:00","slug":"the-beginning-of-the-open-banking-era-in-the-uk","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-beginning-of-the-open-banking-era-in-the-uk\/","title":{"rendered":"The beginning of the open banking era in the UK"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Open banking reforms are now over one year old in the United Kingdom (UK). In this relatively short period of time, 67 firms have begun using open banking technology. Moreover, the number of financial services beginning to engage with API integration is growing. For example, HSBC\u2019s Connected Money app lets consumers view their accounts at up to 21 different banks in one place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, it is important to note that open banking is still in its infancy in the UK, with many banks taking their time to understand the landscape and legal realities. As a result, many established banks are not being proactive in embracing new technologies. As open banking increases the quality of financial products and services on offer in the country however, consumers will have the power to choose which banks and FinTechs will ultimately win in this new era. And those banks wishing to survive and thrive will have to embrace innovations that might make them a little nervous at the moment.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-13057 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='9 FinTech marketing strategies for 2019'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/9-fintech-marketing-strategies-for-2019\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/9-fintech-marketing-strategies-for-2019-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12139\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12139'>\n\t\t\t\t9 FinTech marketing strategies for 2019\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: top 20 reasons startups fail'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-top-20-reasons-startups-fail\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/00-chart-3-768x1920-1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12198\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12198'>\n\t\t\t\tInfographic: top 20 reasons startups fail\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='FinTech is making financing more accessible'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/fintech-is-making-financing-more-accessible\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/fintech-is-making-financing-more-accessible-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10836\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10836'>\n\t\t\t\tFinTech is making financing more accessible\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Open banking reforms are now over one year old in the United Kingdom (UK). In this relatively short period of time, 67 firms have begun using open banking technology. Moreover, the number of financial services beginning to engage with API integration is growing. For example, HSBC\u2019s Connected Money app lets consumers view their accounts at &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,292],"tags":[77,287,335],"class_list":["post-13057","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-united-kingdom","tag-customer-experience","tag-open-banking","tag-startups","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13057","targetHints":{"allow":["GET"]}}],"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=13057"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13057\/revisions"}],"predecessor-version":[{"id":13058,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/13057\/revisions\/13058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13062"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=13057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=13057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=13057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}