Danske is the first bank in Northern Ireland to embrace open banking features

  • Danske Bank has become the first of Northern Irelands' four main banks to introduce a new open banking feature, which will allow people to access their account information from another bank.

    Most banks in Northern Ireland still severely limit access to user data, but Danske Bank has now become the first major bank here to buck that trend. This new feature will allow customers who might have multiple bank accounts with different institutions to view their balances with other banks via Danske’s New Mobile Bank app.

    “Many consumers today have more than one bank account. Now they can have a clearer view of their finances on just one screen, making it easier to manage their money and save more time”, states, David Thompson, Senior Manager, Open Banking at Danske Bank, explaining that “Security is a huge concern for consumers. We will never ask our customers to share their login details for another bank”.

    To set up this new feature, customers must select the "View all accounts and cards" option in Danske's new Mobile Bank app, select their bank, and select the "Add Bank" option. The app is available on all Android and iOS devices, and the new feature is available to all customers. David Thompson, Senior Manager, Open Banking at Danske Bank, positively comments, “The idea behind Open Banking is that it will bring more competition and innovation to financial services which, in turn, is hoped will lead to more and better products to help consumers and businesses manage their money”.

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    SOURCES: Danske Press Release

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