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UK announces taskforce to identify more open finance use cases

This is the first step for the UK Treasury to lay the foundations of secondary legislation on open finance
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UK announces taskforce to identify more open finance use casesImage: Getty Images

The UK government has announced a new industry-led taskforce to explore the future of open finance and its use to improve smaller companies' access to credit.

The taskforce aims to identify what datasets and new application programming interfaces would be more useful to support finance requests by small and medium-sized enterprises.

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