What is Open Banking?
Open Banking is an industry-wide initiative that we’ve been working on with the Competition and Markets Authority, other regulators, banks and companies authorised by the Financial Conduct Authority (FCA). It means you can share your current account information with FCA-approved providers, if you choose to, and pay in new ways.
For you, it means you have more control over your data and can see what other providers are offering – so you can get a better service. It also lets you see your accounts you have with other banks and providers in the Barclays app, and make payments from them – safely and securely. For example, you can now use your Barclays app to pay a bill or person from a Nationwide account.