U.K. regulator seeks expert guidance to shape future of open banking.
Highlights:
- FCA appoints KPMG to aid open banking initiatives.
- The move aims to establish a regulatory consensus.
- This development is crucial for the future of open banking.
The Financial Conduct Authority (FCA) has appointed KPMG to help develop a consensus for a new open banking regulatory body.
This initiative aims to enhance the regulatory framework of open banking within the UK fintech sector.
KPMG’s expertise is expected to play a vital role in shaping the industry’s future and addressing emerging challenges.
This appointment reflects the FCA’s commitment to fostering a collaborative environment in the evolving open banking landscape.
