Fortunately, it looks like our politicians are waking up. The forthcoming Data Bill will revolutionise data rights, introducing new powers for ministers to pave the way for Open Banking-style connections across the economy, all rooted in consumer consent and the safety of regulation. On its own, however, the Data Bill only provides policymakers with the tools. They must use them – and in the case of Open Finance, this means new City Minister Emma Reynolds introducing new rules as soon as she can.
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