The Lemon Fool

Looks like First Direct is going down the pan then:

https://www.thisismoney.co.uk/money/mar ... irect.html

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

And bank's didn't loose enough public trust just a few years ago?

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