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Starling and Monzo are both UK digital banks with strong reputations. Compare them on features, business accounts, safety, and open banking to decide which suits you best.

A fintech bank is a technology-led financial institution that offers banking services digitally. Learn about the UK’s leading fintech banks, how they differ from traditional banks, and their open banking role.

The JROC’s 2023 roadmap set out new open banking rules for the UK, including Variable Recurring Payments and a new governance body. Learn what’s changing and what it means for consumers and businesses.

HMRC does not currently use open banking to access taxpayers’ bank accounts. Learn what HMRC can and cannot see, and how open banking relates to tax compliance in the UK.

Open banking carries risks including data privacy concerns, fraud exposure, and reliance on third-party security standards. Learn the key downsides of open banking in the UK and how to stay protected.

Monzo’s downsides include no physical branches, limited mortgage and insurance products, and customer service that can be slow. Learn the key Monzo drawbacks before switching.

Open banking in the UK lets you securely share your financial data with regulated third parties via APIs. Mandated by the CMA in 2016 and regulated by the FCA, it powers budgeting, lending and payment apps.

UK banks are regulated by the FCA and PRA under a twin-peaks model. Learn how UK banking regulation works, what consumer protections exist, and how open banking fits into the framework.

Most UK bank transfers via Faster Payments arrive within seconds. BACS takes 3 working days, CHAPS is same-day. Learn about transfer times and how open banking speeds up payments.

Open banking risks in the UK include fraud, data misuse and consent fatigue. Find out what the real risks are, how the FCA protects consumers, and how to manage your open banking permissions safely.