Open Banking is an innovative way for you to manage your finances to meet your lifestyle needs. Available through our online services, you can make payments directly and shop around for new products and services. Open Banking gives you financial freedom and flexibility, providing you with greater choice and control over your money and financial information, helping you manage your money easily and efficiently.
We are one of nine UK Banks/Building Societies who are building a digital framework to allow organisations other than us to create new payment methods, new financial services and products and connect with our banking systems.
The Open Banking ecosystem will be used by Third Party Providers (known as ‘TPPs’), who use Application Programming Interfaces (APIs) to access customers’ accounts in order to provide account information services and/or to initiate payments.