Am I The Only Person Who Doesn't Use Open Banking and Doesn't Want To Download Banking Apps?

sausage_time

I use apps for multiple cards, accounts and banks. Appreciate the fingerprint login and in general I can do most of what I need to. Login is so fast, Open Banking would not really buy me anything.

DCFC79

I'm also with the OP, Id rather use the banks own website to check the account. Open banking just doesn't appeal to me.

Takmon

Willing2Learn wrote: »

I cannot see how a phone can be any more or any less secure than a regular PC. A modern phone is after all, a mini-computer...And as we all know, a computer (whether a phone or pc) has vulnerabilities. The more popular the hardware, the more vulnerabilities there are...

A modern phone uses a locked down operating system and most people only installed approved apps. To get full access you need to root/jailbreak the device which then stops banking apps from working.

A PC allows full access as standard so is more vulnerable and also is a lot more prone to viruses.

Kendall80

Takmon wrote: »

A modern phone uses a locked down operating system and most people only installed approved apps. To get full access you need to root/jailbreak the device which then stops banking apps from working.

A PC allows full access as standard so is more vulnerable and also is a lot more prone to viruses.

You are right but anyone with a decent level of PC knowledge would be able to secure it sufficiently (private browsing, not saving passwords, setting high security level, only permitting trusted sites etc). As for viruses - not an issue for me but i can imagine some people getting unsettled by those ransomware ones that lock the PC. Or, those that monitor keypresses. That being said, as the world moves to apps, the thieves/hackers/criminals will follow. Such is the way of things.


I'm on the fence with regarding apps. They do seem to be the way 'things' are moving nowadays and we are likely to have to move that way also. But not yet! Which reminds me - I have absolutely zero security on my phone not even a PIN. Best I sort that out now.

Kendall80

stehouk wrote: »

Mobile banking and apps are the future, pc's will become obsolete like cash.

Assuming they make a 34" folding phone screen with underlying tech that can power the latest PvP games

Flobberchops

Until they get it to work with savings accounts then I really have no use for open banking. Having three apps on my phone for three current accounts - not a problem, as far as I'm concerned.

Ergates

Kendall80 wrote: »

You are right but anyone with a decent level of PC knowledge would be able to secure it sufficiently

Do you think the "average" PC user knows how to do that?

boo_star

Happy to use 5-ish different banking apps because "eyeballing" my phone is hardly a chore.

I see no advantage to "open banking."

18cc

Open banking is of use to for example mortgage and finance companies y

you apply for a loan or mortgage and as a condition of that application they ask for open banking access to your current accounts so that they can see what you have been spending your money on over the last 6 months before granting the loan

The equivalent I suppose of providing 6 months worth of bank statements on paper

JuicyJesus

I tried Open Banking with the Lloyds app. It won't show me my Barclaycard accounts despite offering that, it shows my Halifax accounts (that I don't use) fine and Nationwide accounts only showed 50% of the time and the rest of the time showed an error. I don't see the point and Lloyds weren't particularly transparent about what they'd be doing with my data.

I'd rather keep my finances separate.