Crealogix Uk

In our recent survey of UK bank account customers, we found that only a third of respondents were aware of Open Banking, yet two thirds of the same overall consumer group are keen on the features that Open Banking promises to unlock.

Considering it was heralded as one of the biggest revolutions in retail banking of recent times, consumer awareness of open banking remains disappointingly low in the UK. In new research conducted by CREALOGIX, two thirds of the 2,000 respondents questioned had no idea what open banking was or is. Furthermore, less than 8% of respondents regarded open banking as a good idea, and two thirds expressed concerns about privacy, data loss, or fraud due to open banking.

Jo Howes is the Commercial Director of CREALOGIX UK, the Fintech100 company which is among the global market leaders in digital banking with headquarters in Switzerland and offices in Germany, London and Singapore. Here she shares with us her predictions for the short, medium and long term of the wealth management and banking and finance industry. The future of fintech and digital banking In 2019, we are going to see a continued wave of new robo-advisory offerings in wealth management.