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Growth Street Calls out HSBC for Open Banking Uptime
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Growth Street Calls out HSBC for Open Banking Uptime

Growth Street Calls out HSBC for Open Banking Uptime

Fintech Nexus Staff·
EuropeFintechNews Roundup
·May. 23, 2019·1 min read

One of the key components for open banking is being able to access data from other providers around the clock; Growth Street has alleged that HSBC was unavailable for 1,700 of the 2,000 hours in Q1 2019; the Open Banking Implementation Entity as well as HSBC have responded that Growth Street’s analysis is misleading and inaccurate though Growth Street’s CEO has refuted that claim; Growth Street’s numbers show a steep decline from the end of 2018 when uptime across high street banks was 95%; further data is provided in the article from AltFi. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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