Huge finance companies accused of trying so you can freeze out reduced competitors
Fintech firms say highest lenders are making an effort to assume control out of reforms aimed at making it easier having customers to improve account
Fintech firms has actually implicated large banking companies of trying so you’re able to freeze them out from the markets by the overtaking control over reforms designed to make it easier for customers to change lenders.
Good spokesman getting Revolut told you it common the scene “one discover banking are tracked of the a different looks for the favorable away from battle”
A small grouping of 19 fintech executives wrote on Competition and you may Avenues Authority (CMA) whining that the visit towards the way forward for thus-named open banking reforms commonly put decision making in the possession of of the larger loan providers.Read More »Huge finance companies accused of trying so you can freeze out reduced competitors
