As advanced in a previous article, the Open Banking system is now ready for the public to use. Thus,
consumers and businesses can now start sharing their financial data with third
parties without worrying. According to Imran Gulamhuseinwala, the trustee of
the OBIE, “Managed Roll Out has enabled us to introduce a vital new piece of
our financial system ready for
customers in just a few weeks”. He further argued that they were able to refine
the system. Regulators have also set up a service called Launch Support.
Thanks to this, new developers and start-ups
will be able to benefit from guidance on things such as getting regulatory
clearance.
New
developers can benefit from a Launch Support
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