https://qz.com/1179219/the-uks-open-banking-directive-opens-the-door-for-facebook-and-google-to-handle-your-finances/

Starting Saturday (Jan. 13), the UK’s nine biggest banks, which service most of the population, will no longer have a lock on the state’s financial transactions.

New rules that are part of a UK directive called Open Banking aim to make it easier to compare and switch UK banks. Financial institutions will have to share their customer data with other companies if customers give permission. That means third parties will also be able to make payments on behalf of customers, or manage their finances for them.