Looks like First Direct is going down the pan then:
https://www.thisismoney.co.uk/money/mar ... irect.html
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Shame
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- Lemon Quarter
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Re: Shame
I'd rather give that sort of permission to First Direct than the strtup cowboy who has been pushing very hard for this.
Not that I will as I don't like the idea of a single point of failure.
Slarti
Not that I will as I don't like the idea of a single point of failure.
Slarti
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- Lemon Quarter
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Re: Shame
Stonge wrote:Looks like First Direct is going down the pan then:
https://www.thisismoney.co.uk/money/mar ... irect.html
With a customer's consent, a financial services provider can collect information from all of your accounts – from your spending on credit cards to your mortgage payments – and hold it all together on a single mobile phone app or website.
Wonder how they'll disguise the 'giving consent' part. Rather like Amazon trick 1000s into signing up for Prime?
For banks, the rules represent a potential goldmine.
Yes, I bet they do!
Steve
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