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Kemp Little – Building consumer trust is the biggest Open Banking challenge

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Kemp Little - Building consumer trust is the biggest Open Banking challenge

Recent data indicates that only three of 10 British adults are willing to hand over access to their financial data to technology companies such as Apple, Google or other third-party applications using their platforms. Amidst a host of other research, this was the key finding from a Prepaid International Forum (PIF) study clearly illuminating the scope of the challenge facing the financial services industry.

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