Proposals announced yesterday by the Competition and Markets Authority will open up an array of opportunities for fintechs and software houses. The proposals would make it mandatory for the main UK high street banks to use open APIs (Application Programming Interfaces). If implemented, the proposals would allow account holders to easily access their own transaction and spending data through a range of applications to identify which financial products and services on the market offer the best value. This simple step could lead to an explosion in personalised financial-health apps and tools especially considering how hard banks have made it in the past for third party providers to access or scrape their sites. Read more…
Since Oliva Woolston Morgan and I spoke about tech trends for 2016 and beyond in the firm's Tech Crammer event last month, blockchain technology has never been far from IT/tech industry headlines. But what is it, and what is all the fuss about?