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Open Banking and Mortgages

I saw an interesting article and thought I’d share it https://www.mortgagesolutions.co.uk/better-business/2022/11/16/why-open-banking-is-the-key-to-revitalising-the-mortgage-sector-nordigen/

I think it is a good concept. Do any banks currently use this automated process?

Comments

  • 400ixl
    400ixl Posts: 4,014 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Yes they do. The biggest hurdle is people trusting open banking. Its been around for quite a few years now and was designed with security in mind, but too many people still do not know about it or trust it.
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