Open banking connects banks, third-parties and technical providers – enabling them to simply and securely exchange data to their customers’ benefit.

This may sound scary at first, but all this means for you, the Customer, is that banks have created the infrastructure so you have the ability to share your data with third parties (like Mode) when you want to. 

Through Open Banking you can move your money to Mode safely, securely and with less opportunity for error versus a traditional bank transfer.