Which banks are offering financial login to its users?
Bank of America, Chase, HSBC, Capital One and Wells Fargo have all said they will start offering financial access for its users starting in the next few months.
In a blog post, Barclays said it was also adding financial login options for its customers to make it easier for them to access its products and services.
“The launch of a financial account at Barclays this month will be a significant milestone in our commitment to supporting the financial inclusion of all our customers,” Barclays said.
“We believe the introduction of a single, unified account login platform across all our financial products will enable us to deliver a better customer experience and a more efficient and efficient banking experience for our customers.”
Other banks are also expected to roll out financial login later this year.
The Financial Services Authority said it had taken “steps to increase consumer confidence and confidence in financial products and payment services by ensuring that customers have access to the full range of banking services, including a bank account, as well as a banking website and online banking applications.”
These measures will help ensure that our customers can use their existing bank account and financial products in a secure and safe environment and are able to continue to make important banking transactions.
“We have also taken steps to reduce the risk of fraud and identity theft in the banking industry by making it easier to access and verify identity information through our secure payment and identity systems.”
“The introduction of financial account access for all customers is part of our ongoing efforts to provide a seamless experience to our customers and help them better manage their financial affairs.”
The move comes after a recent report from Credit Suisse found that more than 40 per cent of UK households are now on the banking system.