22 September 2022

Yapily, Plaid, Truelayer among FinTechs forming Open Finance Association

Written By FinTech Alliance

Yapily, Plaid, Truelayer among FinTechs forming Open Finance Association

FinTech companies are coming together to form a trade association. 

In Brief:

The Open Finance Association (OFA) is a not-for-profit trade association “pushing open finance in the UK and EU”. 

It aims to bring the benefits of open banking to a broader array of financial products. 

It includes other leading FinTechs like GoCardless, Volt and Worldpay. 

What does this mean? 

The association has three key priorities including: 

Enabling customers and businesses to access their data across all their financial accounts. 

Developing the adoption of a competitive and convenient instant payment method. 

Promoting a sustainable open finance ecosystem. 

Read more here. 

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