To stay competitive, today’s Financial Service Providers (FSPs) must provide consumers with the personalized digital financial choices and guidance they desire while adhering to leading industry practices for data security, regulatory compliance, and privacy to protect consumers. With financial data, FSPs can provide their consumers with creative solutions to help them make better financial decisions based on actionable guidance that is specific to their personal needs.
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Consumer Financial Well-Being Gets a Boost from UK Open Banking and Open Finance
Open Banking and open finance are one of the greatest changes in the competitive landscape in consumer finance in decades.