Since 2018 Open Banking technology has allowed individuals to share their data with authorised third parties.
Introduced by the UK government, and regulated by the FCA, individuals can allow authorised businesses read-only access to their financial information such as statements and spending habits.
Businesses can only access the accounts you choose to share with them and do not receive your login information.
How does Thirdfort use Open Banking?
Thirdfort uses Open Banking to generate a read-only bank statement of the last 6 months, for the accounts you use to share. This is then reviewed by the organisation that requested your check as part of your transaction with them.
How can I check Thirdfort is authorised?
You can find Thirdforts authorisation on both the FCA register and the Open Banking Register.