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UK Banks Ordered To Undergo An App-Based Tech Revolution

  • BBC, Tuesday, August 9, 2016 7:21 AM

Britain's High Street banks have been ordered to launch a technological "revolution" in an effort to promote better competition. After a two-year inquiry, the Competition and Markets Authority (CMA) concluded that new phone-based apps should be brought in by early 2018. These apps will show customers which banks may offer the best account based on their borrowing patterns.

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