We are proud to announce that we have launched our new report on data security in open banking. Our report investigates the myths and misconceptions of data security, with findings from 800 businesses in the financial space, including banks, lenders and personal finance managers.
The release of the report comes at an exciting time for open banking, as there are currently close to 3 million people in the UK using some kind of open banking service. However, our findings point out that many businesses are still unclear around how open banking works. We also uncovered misconceptions around how data is kept secure. Almost half of the business lenders surveyed agreed that education and increased guidance from regulators would be key to alleviate business fears about the data security risks of open banking.
Finally, the report offers insight into how we can move forward to eliminate these factors and misunderstandings in order to advance towards a more open financial system that is still highly secure.
Download the report today!