This has also raise the topic of whether 'Open Banking', 'Open Finance' or even 'Open Transport' are the correct terms for the secure sharing of customer account data.
The UK Government has come up with new term for the whole concept, called 'Smart Data' - which actually is a slightly better term.
This could then mean we evolve to call these things:
- Smart Banking
- Smart Finance
- Smart Transport
Which actually sounds slightly better and doesn't confuse things with the 'Open Data' and 'Open Source' and 'Open Government' concepts... which are all data & tech related, but mean different things.
