Open banking & financial distress

According to StepChange (and as a major UK debt charity, they should know), as of December 2019, 3.2 million people in the UK were in severe problem debt, and 9.8 million were showing signs of financial distress.

Millions of consumers would benefit from any one of the currently available financial management apps designed to help them better understand and manage their income and outgoings.

If you are in the sector and you are not promoting some of the solutions, then you are probably part of the problem.

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