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What Is Open Banking and Why It’s Safe to Use

Learn what Open Banking is, how it works, and why it’s safe. Discover how Checkboard uses secure, FCA-regulated Open Banking connections to verify your details quickly without sharing your login or banking information.

Antonella Sarubbi avatar
Written by Antonella Sarubbi
Updated this week

What it is

Open Banking lets you share your bank data securely with trusted apps — only when you say so.


It gives you more control and makes checks faster and safer.


Why Checkboard uses it

We use Open Banking to verify your finances securely.


No more uploading bank statements — connect your account through your bank’s own system.


It’s fast, secure, and fully regulated.


Why it’s safe

Bank-level security: Your login details stay with your bank.
FCA-regulated: Only approved providers can use Open Banking.
You’re in control: Choose what to share, with whom, and for how long.
Protected by law: Fraud? You’re covered by your bank and the Financial Ombudsman.


Are you opted in automatically?

❌ No. You choose.


Open Banking only works when you give permission.


How to stay in control

You can stop sharing anytime in your bank’s app or website.


Checkboard will never ask for your login details or share your data without consent.


Quick recap

  • Over 6 million UK users trust Open Banking.

  • You stay in control.

  • It’s fast, secure, and regulated.

Open Banking helps Checkboard verify your details safely — and gives you peace of mind.

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