12 March 2020

Barclays pushes forward on open banking

Written By FinTech Alliance in Open Banking

Barclays pushes forward on open banking

Barclays is using API infrastructure to introduce new features for customers.

In Brief:

  • Customers can now make payments from current accounts held with other banks from within the Barclays app.

  • This is initially rolled out for linked current accounts with NatWest, Nationwide and Bank of Scotland.

  • It will shortly be made available to Santander, Lloyds, Halifax and RBS.

What does this mean?

This use of approved Open Banking API technology is a first for a UK high street bank. Moving forward, Barclays will add other features to its app, such as the ability to save new payments contacts.

Read more here.

 

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