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Big six are under fire because of the slow application of the rules for Open Banking



H nevertheless, Ms. Boden – a former senior RBS banker – said she had some sympathy for the main lenders. "They all use old technology that is 20, 30 or 40 years old, we have a big advantage because we are built with Open Banking in mind."

Starling uses the technology to offer a range of services through its mobile app, such as loyalty program's with retailers such as Itsu and Eat who are integrated with customers "

A spokesman for the CMA said: & # 39; We will continue to work with the banks, fintechs and the Open banking implementation entity to make this new technology a success so everyone can enjoy the benefits as quickly as possible. "

A spokesman for UK Finance, a trade agency for lenders, said the inclusion" is likely to be gradual ", but members were fully committed to making the most of the reforms.


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