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‘GDPR and Open Banking seem to pull in different directions’ – Star Letter 25/05/18

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  • 25/05/2018
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‘GDPR and Open Banking seem to pull in different directions’ – Star Letter 25/05/18
Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment for Star Letter this week.

This week the accolade goes to AK Narey for their response to the post: All ages fear online data sharing – Mintel.

They said: “Is it just me that feels GDPR requirements and Open Banking are pulling in opposite directions?

“We are relentlessly told that we must be careful in sharing personal information and on the other hand we are being encouraged to share financial information with third parties under Open Banking.

“Is it any wonder that the take up of Open Banking has been very slow?”

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