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Open Banking still misunderstood by majority, MoneyLIVE says

Cyber credit card
Graphic: MoneyLIVE

Carmen Cracknell

2 min read
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The number of open banking transactions has grown consistently, but consumer trust issues remain.

A MasterCard report in collaboration with MoneyLive indicates consumer understanding of open banking has not advanced since the process was introduced in 2018. Back then, “neobanks and fintechs were hotly tipped to spark a banking revolution on the back of regulatory reform in the UK and Europe, Open Banking then

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