Open Banking explained | emerchantpay | emerchantpay
Open Banking explained | emerchantpay | emerchantpay
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Federal government says it will move open banking forward at 'earliest opportunity'
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What is open banking? Basically, it forces banks to make customer information more easily accessible. That means you can shop around, leading to greater competition. And the Government say it'll lead to more savings. But there's a catch - it won't be in place for another two years. 👉 More on this story: https://www.1news.co.nz/2022/11/10/government-to-introduce-open-banking-to-increase-competition/ | 1News
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