What is Open Banking and is it safe?

Open Banking is a safe and secure way for us to take a snapshot of the data we need to create your Fusion Score.

Originally set up by Competition and Markets Authority on behalf of the UK government, Open Banking is regulated by the Financial Conduct Authority (FCA). Many of the UK’s biggest banks are enrolled on the Open Banking Directory.

Open Banking allows you to share powerful data from your bank account that we can use to create your Fusion Score. When you connect to your bank account via myfreedom, it’ll only give us one-time, read-only access, and we won’t be able to move or affect your money in any way.

To find out more about Open Banking, visit the Open Banking website.

Share this page

Recommended FAQs