INSUBCONTINENT EXCLUSIVE:
Revolut, the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider
bank accounts to Revolut, enabling them to see all of their bank balances and transactions, regardless of which of their U.K
bank accounts the data resides in
Known as account aggregation, the feature is designed provide a more complete view of your spending and other transactions, and it was one
of the early promises of open banking.
However, despite being adopted by legacy banking apps, such as Barclays, along with a plethora of
perhaps a little over optimistically
regulator, the Financial Conduct Authority
This permits it to access official U.K
third-party bank accounts, which would require a different Open Banking license
