whatsapp Open Banking is a new digital standard that aims to give banking customers more control over their financial data by allowing them to share it with organisations other than their banks, therefore opening up opportunity for fintech firms. Five high street banks said they could not release all the data needed in time.Read more: Can Open Banking fulfil expectations?Barclays, RBS and HSBC were given a few weeks extra time while Bank of Ireland received several months and Santander’s private banking subsidiary, Cater Allen, got a year.The nine largest banks in the UK were required to comply with the law by 13 January as part of the revised Payments Services Directive.The CMA said: “Five banks told us that they would not be able to release all of these data sets by the specified date and we have therefore issued each of these banks with directions stipulating the timeline for the delivery of the outstanding data sets and the arrangements that each must make for reporting progress to the CMA in the meantime.” Courtney Goldsmith whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likehttps://anymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignorehttps://anymuscle.comToulounaHow To Choose The Best Auto InsuranceToulounaHealthWatchThis Start Up Is Bringing Advanced Health Technology To Consumers With This SmartwatchHealthWatchHappy Pumpkin10 Delicious Freezer Meal Recipes to Dump into the Slow Cooker – Happy PumpkinHappy PumpkinAffordable Dental Care Near MeDental Implants Might Be Cheaper In Scottsdale. Check Options Here!Affordable Dental Care Near MecarammelloWhat are the top 10 most expensive cat breeds in the world ? – CarammellocarammelloDefinitionHer Father Left Her His Billions And This Is How She Used ItDefinitionAnyMuscle.comEnd-of-life symptoms of metastatic breast cancerAnyMuscle.comBrainSharperBlazing Saddles’ Most Loved Line Was Actually A MistakeBrainSharper Five UK banks given Open Banking deadline extension by CMA Read more: Meet 10 startups that just won cash for innovative Open Banking ideas Share Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourWant Thicker Hair? Follow These 12 StepsVegamourHow Often Can You Dye Your Hair?VegamourTips & Tricks for Styling Thin HairVegamour16 Foods to Grow Your Healthiest Hair EverVegamour Tuesday 19 December 2017 11:06 am Five UK banks have been given more time by the Competition and Markets Authority (CMA) to comply with Open Banking regulations.Barclays, Royal Bank of Scotland (RBS), HSBC, Santander and Bank of Ireland appealed to the CMA for a delay to the January deadline.