Tide proposes Open Banking data fees to incentivise banks
1 min read
Tide proposes Open Banking data fees to incentivise banks Business banking platform Tide has accused the UK’s banks of dragging their feet on Open Banking, arguing for the introduction of data fees to incentivise the sector to promote wider uptake. In a submission to the Competition and Markets Authority review into governance arrangement for the…
Tide proposes Open Banking data fees to incentivise banks
Business banking platform Tide has accused the UK’s banks of dragging their feet on Open Banking, arguing for the introduction of data fees to incentivise the sector to promote wider uptake.
In a submission to the Competition and Markets Authority review into governance arrangement for the new entity to take over from the Open Banking Implementation Entity (OBIE), Tide proposes removing the block on charging to access data imposed by EU legislation and thus creating a new market for paid-for premium data access services for large financial institutions
Be in the know!
Subscribe to our monthly newsletter!
