Perchè parlare di Open Banking e Nesta

From early 2018, “Open Banking” will be a reality in the UK. Most small businesses will, for the first time, be able to share their banking data securely with trusted third parties via API, and allow providers other than their bank to make payments from their account. It’s the most ambitious scheme of its kind anywhere in the world, and could lead to a revolution in UK retail banking.

The Open Up Challenge is a challenge prize by Nesta situated at the forefront of this open banking transformation. We’re supporting 20 talented teams who can take this unique opportunity to develop next-generation services, apps and tools that will create game-changing value for UK small businesses. In doing so, our goal is to drive greater transparency, choice and innovation for small business customers.

The Challenge was selected by the Competition and Markets Authority (CMA) as one of a package of remedies aimed at shaking up retail banking.