Infographic: who is ready for Open Banking in Asia?
IDC Financial Insights maps the readiness for Open Banking among Asia, Asia Pacific and Australasia markets in 2018.
IDC Financial Insights
UK account switching rising – but still below par
Retail banking competition is likely to heat up over the next decade, with millions more people switching accounts every year, according to new research published by the Centre for Economics and Business Research. But current levels are still far behind those found in other industries such as electricity and gas utilities, the study found.
UK retail bank reform: a road to nowhere?
The introduction of seven-day account switching in the UK in September is a fundamental pillar of UK government plans to inject more competition into retail banking. But the plan has its critics – some of whom warn it may achieve the opposite of what it intends.
