Open Banking is a service that allows you to make your online banking data available to applications you use, such as Personal Finance Portal. Once you have linked your accounts to PFP the account balances will automatically be updated each day and account transactions will be categorized so that you can review your spending habits.
Open Banking is totally secure and regulated by the FCA. Because you authenticate directly with your online provider, you never have to share your online credentials with any other third parties. Your account transaction data is only visible to you – your adviser can see your account balances but not your transaction data.