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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Consumers tend not to care how banks actually work. So it is unlikely many of them noticed a new rule on Tuesday making it easier to move personal data from one financial company to another — an innovation known as “open banking”. Banks and their lobbyists, though, care deeply.
The idea, which Britain introduced seven years ago, is that lenders must share data…
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