News

Sainsbury’s Bank is being taken over by NatWest Group. Learn what this means for existing customers, what happens to your accounts, and the timeline for the transition.

Open banking apps are FCA-regulated applications that connect to your bank account to offer budgeting, lending, savings, and payment services. Learn about the best open banking apps in the UK.

A basic bank account in the UK is a no-frills account available to anyone, including those with bad credit. Learn who is eligible, which banks offer them, and how open banking can help.

Tide is a UK business banking platform that complies with HMRC reporting obligations. Learn what data Tide shares with HMRC and how open banking connects to business tax compliance.

An SME (Small and Medium-sized Enterprise) in the UK is defined by employee count and turnover. Learn what qualifies as an SME and how open banking serves small businesses.

The CMA (Competition and Markets Authority) mandated UK open banking in 2016 and oversees competition in financial services. Learn what the CMA order means for banks and consumers.

TransUnion is one of the UK’s three main credit reference agencies. Learn what TransUnion does, which banks use it, and how it relates to open banking data in the UK.

HMRC cannot access your Monzo account via open banking without consent, but can request information through legal channels. Learn what HMRC can see and how Monzo handles data requests.

Banking apps can be vulnerable to certain attacks, but UK banks use strong security. Learn the risks, how to protect yourself, and how open banking security works.

UK open banking is regulated under the Payment Services Regulations 2017, enforced by the FCA. Learn about PSD2, the CMA order, JROC, and how the regulatory framework protects consumers.