Written Question·Treasury·UIN 50953
Bank Services
Tabled: 8 May 2025
Answered: 13 May 2025
Question
James Naish
Labour — Rushcliffe
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of increasing the use of open banking on levels of financial inclusion.
Answer
Emma ReynoldsThe UK has been a world leader in Open Banking since 2018. Open Banking providers offer innovative services using customer data, and can help with improving financial inclusion, such as by allowing customers to gain better oversight of their finances, or ...
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