Trends Report

UK Open Banking Responses Place Added Customer Value At The Heart Of The Proposition — And Demonstrate Several Approaches To Building The Solution

March 31st, 2020

Summary

HSBC piloted open banking solutions with a partner to gain early market insight in the UK. Nationwide uses open banking for good to increase customer well-being and extend lending. American Express’ payment initiation solution, Pay with Bank Transfer, broadens merchant and consumer appeal and may grow market share. GoCompare uses open banking as an opportunity to extend value to the fintech community and open up new routes to collaboration.

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