News article

Nesta's Open Up Challenge for Open Banking to Help UK Small Businesses – Applications Open

05/03/2018

This is a funding scheme for companies and partnerships in fintech and data services, which aims to ensure the opportunities presented by open banking will deliver revolutionary benefits for UK small businesses.

According to Nesta, most small businesses will soon be able to securely share their banking data with trusted third parties via open banking Application Programming Interfaces (APIs), and allow third parties to initiate payments on their behalf. Nesta's Open Up Challenge is intended to shape the future of small business banking.

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