09-08-2016 11:07 via uk.news.yahoo.com

Britain counting on fintech for banking revolution

By Huw Jones and Andrew MacAskill LONDON (Reuters) - British banks will from 2018 have to share customers' data with third parties who can then show how much could be saved by using other lenders, the competition watchdog said on Tuesday. Customers currently are paying more than they should for banking and are not benefiting from new services, the Competition and Markets Authority (CMA) said in its final report after a three-year review of consumer and small business banking. Third-party compani
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