In this video, we've teamed up with TV's Phil Spencer to explain what Open Banking is, and how it can help improve your renting experience.
Launched in January 2018, Open Banking is a secure way of sharing your financial information with authorised companies. It’s not something you have to do, it's just there if you want to use it.
One of the more painful aspects of moving into a rental property is having to upload your bank statements and payslips to prove your income and verify previous rental payments. Using Open Banking and the Canopy app, you can do all of this in just a few minutes.