UK’s Progress on Open Banking Has Slowed, Finance Watchdog Says
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Britain risks squandering its early lead on opening up banking data, according to its most senior financial regulator.
“If we do not find a way of making data sets more readily available to smaller players, then growth, innovation, competition and our international competitiveness could stall,” Financial Conduct Authority Chief Executive Officer Nikhil Rathi said in prepared remarks for a speech on Tuesday.