News

The CMA (Competition and Markets Authority) mandated UK open banking in 2016 and oversees competition in financial services. Learn what the CMA order means for banks and consumers.

TransUnion is one of the UK’s three main credit reference agencies. Learn what TransUnion does, which banks use it, and how it relates to open banking data in the UK.

HMRC cannot access your Monzo account via open banking without consent, but can request information through legal channels. Learn what HMRC can see and how Monzo handles data requests.

Banking apps can be vulnerable to certain attacks, but UK banks use strong security. Learn the risks, how to protect yourself, and how open banking security works.

UK open banking is regulated under the Payment Services Regulations 2017, enforced by the FCA. Learn about PSD2, the CMA order, JROC, and how the regulatory framework protects consumers.

Coventry Building Society agreed to acquire Co-op Bank in 2023. Learn what this means for customers, how the deal affects the UK savings market, and Coventry’s open banking position.

Plaid is a legitimate US-based open banking infrastructure provider that also operates in the UK. Learn which UK banks connect via Plaid, how it works, and whether it is safe.

Plum is a legitimate UK savings and investment app regulated by the FCA. Learn how Plum works, whether your money is safe, and how it uses open banking to automate savings.

MBNA is a UK credit card brand owned by Lloyds Banking Group. Learn what MBNA cards are, which brands are associated with MBNA, and how MBNA relates to open banking.

Landlords using open banking can see your bank transactions — income, rent payments and spending — for the accounts you consent to share. Learn what tenant referencing via open banking involves and your rights.