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Is open banking legal in the UK?

10 May 2022 By PAYCEC

Yes, Open Banking is legal in the UK. In fact, UK Open Banking regulation is enacted by the UK Government. Its legal aspect is regulated and protected by the Financial Conduct Authority (FCA). Only companies and businesses authorized by the FCA are permitted to use Open Banking API UK to access customer information.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

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