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Open Banking forecast to boost competition in consumer credit market

September 11, 2019 | Open Banking
Open Banking forecast to boost competition in consumer credit market

A poll of 100 global credit experts, interviewed at the recent Credit Scoring and Credit Control XVI Conference at University of Edinburgh Business School, found that just six percent believed the data-sharing initiative would make the credit market less competitive.

Open Banking mandates high street banks to share anonymised customer data with approved third parties, aiming to boost competition in the financial services market.

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