Lurch
3 October 2020 11:38
2
The guide says depreciated, meaning it is no longer available or supported, so this is why you can’t see the option to enable it. You need to switch the Open Banking, as per the note at the top of the article.
What is Open Banking?
In essence, Open Banking is about allowing access to specific financial information in a secure and convenient manner.
In August 2016, the UK Competition and Markets Authority (CMA) issued a ruling that required the nine largest UK banks to allow regulated third parties direct access to their data, down to the level of bank account transactions (we blogged about this here ). Despite all the recent scaremongering it’s important to remember that this is an “opt-in” arrangeme…
What is Open Banking?
Open Banking has been designed to provide a secure and convenient way to share your bank transactions, without the need to entrust your bank login credentials with a third party. You can see a full list of our supported banks and financial institutions here.
Supported Open Banking feeds
In a nutshell, Open Banking will allow you to do the following:
Setup a bank feed with one or more of the supported banks
Have your bank transactions automatically import into your Qui…