Bluestone News

Bluestone launches Open Banking pilot


Open Banking is a change to the banking industry, that means banks, building societies and other providers are working together to give customers more control of their money. They can now share financial data such as account balances or recent transactions with authorised providers. This could include mortgage lenders like us, as well as other organisations or apps that help consumers manage their money.

We want to do what's best for our customers and ensure the mortgage application process is quick and easy. The launch of Open Banking will ensure they have access to the latest technology and benefit from the improved experience it provides.

Here's a quick overview of the key highlights;

  • Automated sharing of bank statements in seconds, sourced directly from a customers bank account

  • Up to 12 months of transactional data available

  • Available to those who use online banking

  • 9 biggest UK retails banks mandated to share the data by the Government

  • Transaction data automatically categorised to illustrate a customer's income and expenditure

Please give us a call on 0800 368 1833 to find out more about Open Banking.