As a customer, one of the big selling points of Open Banking is giving me control of my financial data.
Is this really true?
Having reviewed the latest European Open Banking specifications there is plenty of data I should be able to get hold of.
The question is how?
I get the fact I will be able to use aggregator apps to view my total financial position. I am sure a combination of apps will give me a decent picture of the data my various banks hold.
What if I don’t want to use an intermediary to access my data?
What if I just want a plain old excel download of all the data my banks will be making available to AISPs and PSPs to do my own analysis?
Where do I get it from?
As a coder, what if I want to write my own apps to access my own data, how can I do this without having to go through various regulatory hurdles?
Will the regulators and banks help me do this? Or can I not be trusted with my own data?
Lots of questions. Anyone know the answers?