Barclays is using API infrastructure to introduce new features for customers.
In Brief:
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Customers can now make payments from current accounts held with other banks from within the Barclays app.
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This is initially rolled out for linked current accounts with NatWest, Nationwide and Bank of Scotland.
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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.
