New rules for Open Banking, which came into effect on 14 September 2019, have changed the way some banks connect to third-party providers.
What is Open Banking and PSD2?
Open Banking is the secure way to give providers /companies access to your financial information. It was designed to give you greater control of your data and how it is used.
The Open Banking initiative runs alongside Europe’s Second Payment Services Directive (PSD2), a set of regulations that aim to make online transactions more secure.
If you would like further information or have any questions about Open Banking and cloud accounting, please contact Margaret Middlemass by calling 0113 297 6755 or email email@example.com.