Open Banking to Emerge as Boon for Consumer and Data Sharing in Financial Services Market in the U.K.
Open Banking has frequently been defined as bad news for the banks in the United Kingdom. Nevertheless, consumers are more expected to share monetary data from other service providers with their actual bank than they will be comfortable to provide the same data to the rival banks in order to access their information. As a result, this is expected to provide the banks with an opportunity to enhance their engagement process with the current customers, thus, setting them further apart...
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