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Regulators signal next steps in development of UK Open Banking system

Women holding credit card and mobile phone
Photo: Getty Images

HM Treasury, CMA, FCA and PSR detail progress and set out vision for development.

UK regulators and the Treasury have issued a joint update on the future of open banking, signaling that they “remain committed to supporting the continued growth of open banking” and promising to publish recommendations on the design of an Open Banking entity in Q1 2023.

A joint statement from the Treasury,