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Token – Learning from the UK’s open banking experience

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The UK’s retail banks have been broadly ready for open banking since the start of the year. Huw Davies, Senior Vice President of Sales at Token, looks at what we have learnt so far.

The UK is probably the most advanced country in Europe when it comes to open banking. With its nine biggest retail banks embracing open banking in advance of the European Union’s second Payment Services Directive (PSD2), some 90 percent of the population already has access to open banking services, in theory.

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