FCA launches Call for Input on open finance

‘The right values and regulatory regime for open finance needs to be created’

clock • 2 min read

The regulator suggests that open finance could potentially facilitate access to advice and extend support to vulnerable customers

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...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Budget 26: Protection and health reacts

Budget 26: Protection and health reacts

A missed opportunity

Cameron Roberts
clock 28 October 2026 • 5 min read
IPT receipts hit £4.53bn in H1 2026/27

IPT receipts hit £4.53bn in H1 2026/27

Down £11m year-on-year

Jaskeet Briah
clock 21 October 2026 • 2 min read
IHT receipts reach £4.7bn ahead of Autumn Budget

IHT receipts reach £4.7bn ahead of Autumn Budget

Increase of £300m from the year prior

Isabel Baxter
clock 21 October 2026 • 2 min read