Get advice on Open Banking from money4dentists
On 13 January 2018, the Second Payment Services Directive (PSD2) came into effect. Together, with Open Banking reform, banks are now required to relinquish ownership of personal financial data to the consumer. What this essentially means is that data can now be shared – as long as you give permission – with other banks as well as authorised providers, to allow you to keep better track of your finances and find suitable financial products at competitive rates.
Whether you choose to use it will depend on whether you’re happy to share your data with third parties. For advice and help making up your mind on Open Banking, contact money4dentists, a specialist team of Independent Financial Advisers.
With nearly 20-years’ experience providing expert financial advice to dentists, money4dentists is well placed to help you consider your options and explore the applications of Open Banking.
If you have any queries about Open Banking and what it could entail for you as a consumer or dental practice owner, contact money4dentists.