FCA launches Call for Input on open finance

The Financial Conduct Authority (FCA) has launched a Call for Input (CfI) on the opportunities presented by so-called ‘Open Finance', saying it could facilitate access to financial advice, among many other things.  This builds on the principles of open banking - the sharing of data, which provides new ways for customers and businesses to make the most of their money. Open finance would, according to the regulator, extend those principles to a wider range of products. Open banking enables customers to consent to third parties accessing their payment account information or to make payme...