Ability to view/control account with other banks, through the Monzo app

[davidwalton (Award Winning Hot Coral Analyst)]

You can catch up with the Monzo open banking story here;

Open Banking

Interesting read here into the future of banking. Essentially, Open Banking is the government’s plan to get the big banks working harder for their customers. The Competition and Markets Authority (CMA) has been investigating the retail banking sector for years and their definitive conclusion in August was that banks need a kick up the arse. … Soon, the likes of Barclays and HSBC will exist merely as the infrastructure to support new network of financial services, apps and chatbots. It’s…