Open banking allows the free movement of financial data by letting banks, financial institutions, and fintech businesses access your data with your consent. Although forecasts were high, the number of people actually using open banking falls short. Why? Open banking platform Nordigen CEO Roland Mesters finds that people simply don’t know much about it yet; not only do users worry that it might lead to identity theft, but a large part of the population is also completely unaware of its existence. Read full article here
Research
Improving media literacy could boost trust towards the news, IMPRESS report suggests
The UK media is regulated by the likes of IPSO and Ofcom. The report by press regulator IMPRESS highlights the link between low levels of media literacy and trust in the news. The study found that three quarters of those who did not know if journalists were regulated did not trust the news. It suggests that improving media literacy is one way to stem the erosion of trust, and shows that audiences have an appetite for information on news processes. Stakeholders need to collaborate in order to rebuild trust in the news, and independent media is well placed to do this. Read full article here
Merv
February 1, 2023
