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Allowing third parties access to the data held at banks will allow the true financial position of SMEs to be assessed, many for the first time. At its most fundamental level, open banking refers to the process of using APIs to open up consumers’ financial data to third parties. If the U.S.
The process of debating and agreeing the details of this startup ecosystem support framework is expected to take between six and nine months. Polo: Yeah, because looking at the full picture, it’s actually the first time in our history that we’re going to have a specific legal framework for startups. Which is much simpler.
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