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Banking apps give us a nudge to end our bad financial habits

Inertia is the root of all evil where money is concerned. So could a new generation of smartphone apps help us win the battle against financial complacency? This is broadly what the UK’s competition authorities have concluded following a two-year review into how the banking market could work better for consumers and small businesses. Their grand vision is for a common platform known as open banking to be in place by 2018 that all banks will have to use to enable you, the consumer, to share your data with apps that can help you better manage your finances. ….[READ]

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