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UK will need to take steps to remain leader in open banking

Photo: Adobe Stock Images

Carmen Cracknell

3 min read
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Experts say the UK, which pioneered open banking in 2017, could fall back unless action is taken.

The Global Open Finance Index published by Open Banking Excellence still found the UK to be ahead of countries such as Germany, France and the Netherlands in terms of its regulatory, entrepreneurial, and consumer scores.

“According to our 2022 FinTech Investment Report, UK fintech attracted $12.5bn of investment in 2022,

The UK

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