Yes. It offers new ways to manage your money, with reliable security and counter-fraud controls.
You’re in control
You choose which apps and websites you want to use. You decide what information that firm can access, and for how long. No one gets access unless you say so. Changed your mind? It’s just as easy to withdraw your consent so open banking apps and services can no longer access your data or make payments on your behalf.
Don't just take our word for it, see here for more information from Open Banking Limited (the entity responsible for the implementation of Open Banking).