What is open banking? Basically, it forces banks to make customer information more easily accessible. That means you can shop around, leading to greater competition. And the Government say it'll lead to more savings. But there's a catch - it won't be in place for another two years. 👉 More on this story: https://www.1news.co.nz/2022/11/10/government-to-introduce-open-banking-to-increase-competition/ | 1News

313K views · 201 reactions | In the dark about Open Banking? We’re here to shed some light. | HSBC | Facebook