🏛 Open Banking

Open Banking is an exciting movement that aims to enable banking customers with greater control and transparency over their financial data and banking experience.

In the UK, the Open Banking movement was driven by the PSD2 (Revised Payment Service Directive), which requires banks to release customer data and ensure that it can be shared with third parties. This has led to a lot of product innovation in the space - specifically around the use of open APIs that enable third-party developers to build applications and services around banking institutions.

In South Africa, Open Banking is not a legal requirement. Investec is leading the way with Programmable Banking for private and business clients.

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Already have an Investec Account? Ask your banker to activate you for Programmable Banking Once active, you can find out more about getting started here.

If you have further questions relating to open banking, please submit them here or create and issue on GitHub.