CMA: “Five Major Retail Banks missing Open Banking deadline Highlights need for a More Agile approach in the Industry”, Moneyhub
By FF Newsroom · 21 December 2017
Samantha Seaton, CEO of Moneyhub, comments on the CMA’s Open Banking deadline extension: “It was always going to be a challenge for the big banks to meet the January 13th deadline, given the technological complexities involved. The fact five major retail banks will miss the deadline highlights the need for a more agile approach in the industry. Working with fintechs is one way organisations can make better use of APIs and fully capitalise on the opportunities Open Banking brings. By being agile and providing a better service for their customers, organisations can gain a competitive edge and reap the benefits of increased consumer loyalty.”