Open Banking has been designed with security at its heart – here’s how:
🔒 Bank-level security – Open Banking uses rigorously tested software and security systems. You’ll never be asked to give access to your bank login details or password to anyone other than your bank or building society. Comma will not store your login details.
📜 FCA regulated – Only apps and websites regulated by the FCA or European equivalent can use Open Banking. Comma uses a regulated entity called Yapily Connect to connect to your bank.
🎛️ Fine control – The account holders choose when, and for how long, they give access to their data.
💪 Extra protection – Bank or building societies will pay the customers money back if fraudulent payments are made. Customers are also protected by data-protection laws and the Financial Ombudsman Service