What is Open Banking?
Open Banking is a UK wide FCA regulated service which gives you more control over your banking data. Open Banking enables you to share your data securely with selected third parties like Salad Money.
Open Banking is a service that puts you in control. Using your online banking you’ll be able to share your account information with Salad Money, which will enable us to assess your affordability and suitability for a loan with us. This enables us to avoid looking at or impacting your credit score, the beauty of Open Banking.
Whenever you agree to share your data using Open Banking it will only ever be the data you agree to, you can stop sharing whenever you choose and your data is protected in exactly the same way as it is when using your internet banking.
If you still need further reassurance about Open Banking, then please see what a number of the UK’s major banking providers say about the service.
