The UK Government to deliver an API standard in UK banking, and it’s HUGE!
The Government has committed to delivering an open Application Programming Interfaces (API) standard in UK banking.
Working with the banking and FinTech industries, it has set out a detailed framework for its design by the end of 2015. This will enable FinTech firms to make use of bank data on behalf of customers in a variety of ways, with the aim of ensuring the UK remains at the forefront of developments in financial technology and innovation.
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