Growth Street Calls out HSBC for Open Banking Uptime

One of the key components for open banking is being able to access data from other providers around the clock; Growth Street has alleged that HSBC was unavailable for 1,700 of the 2,000 hours in Q1 2019; the Open Banking Implementation Entity as well as HSBC have responded that Growth Street’s analysis is misleading and inaccurate though Growth Street’s CEO has refuted that claim; Growth Street’s numbers show a steep decline from the end of 2018 when uptime across high street banks was 95%; further data is provided in the article from AltFi. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]