The Utilization of banking....the current account data was a core asset the industry had
The UK Government is to launch a 'Call for Evidence' on how APIs could be used in banking to improve transparency and help customers compare financial services providers. The call to action on bank APIs was among a raft of new initiatives outlined in the Chancellor's annual Autumn statement to Parliament. In a first step to improving transparency, HMRC Treasury has announced that Gocompare will be the first comparison website to use its midata tool to download customer bank data and pick the account best suited to individual consumer needs. Customers will be able to download a year's worth of their current account data in a single file that can be read by Gocompare and used to find the best service.