Regulator sets digital priorities on Open Finance, digital ID and data-sharing

Nikhil Rathi, the FCA chief executive, has addressed fears that "progress has stalled" on Open Banking and Open Finance by stating that the regulator wants "to push on with Open Finance" by "opening up data further, including across sectors".

By Neasa MacErlean

He made his comments in aspeechat the launch of an AI and Digital Hub that the Financial Conduct Authority will run alongside three other regulators - the Competition and Markets Authority, Information Commissioner's Office andOffice of Communications. Firms will be able to access informal advice from all four regulators through the hub.