To ensure that Open Banking delivers maximum benefit and value to consumers, businesses and government; promotes effective competition and choice; reduces the cost of payments; supports innovation; and ensures that customers benefit from technological advances, and that new entrants and smaller providers can compete more fairly.
Found: 07 June 2016
CMA Retail Banking Market Investigation
2 Thomas More
Found: proposed to improve competition within the retail banking market.
consultancy in the UK
Found: Payments Landscape Review
: Call for
4. Open Banking: banking but not as we know it?
26/01/2018 - Parliamentary Research
Found: PAPER Number 08215, 26 January 2018 Open Banking: banking but not as we know it? By Timothy Edmonds
Professor Alasdair Smith
ChairmanRetail Banking Market Investigation
Competition and Markets Authority
1. Cash Network
07/09/2021 - Lords Chamber
1: noble friend agree that, although the future of payments is digital, the case for cash remains material—material - Speech Link
2: the Post Office plays a vital role in supporting payments across the system. There are some 11,000 post - Speech Link
3: standard account allows customers to access cash payments via post offices, as I mentioned in a reply to - Speech Link
2. Rural Banking Services
20/07/2021 - Westminster Hall
1: move,That his House has considered rural banking services.It is a pleasure to serve under - Speech Link
2: Lady that there is an important parallel between banking and broadband services. More time needs to be committed - Speech Link
3: broadband and, unfortunately, the withdrawal of banking services. In my constituency, the experience of - Speech Link
3. Financial Exclusion
04/07/2018 - Lords Chamber
1: face-to-face banking services and free access to cash. The Government recognise that banking and ways of - Speech Link
2: agree that the increasing lack of face-to-face banking services, particularly in rural areas, not only - Speech Link
3: go down to 20% by 2026. As I say, the way that banking is carried out is changing. However, we recognise - Speech Link
4. Financial Exclusion: Access to Cash
21/05/2019 - Westminster Hall
1: misalignment of incentives between individual banking institutions seeking to shed their costly physical - Speech Link
2: ensure more free cash machines supported by the banking system, which I hope the Treasury will take on - Speech Link
3: wholesale cash infrastructure, to make digital payments an option for everyone and to ensure joined-up - Speech Link
5. Access to Cash
20/10/2021 - Westminster Hall
1: despite the increasing use of cards and electronic payments, approximately 8 million people, which is 17% - Speech Link
2: of identification available to set up a complex banking service.I was also shocked to learn from - Speech Link
3: They are looking at where it would be feasible to open branches.While it is rare for me to have - Speech Link
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