Two-thirds of UK consumers prefer one-stop-shop for financial data

67 per cent of people in the UK would find it easier to view all of their financial information in one place, according to new research.

The study from Envestnet | Yodlee, which surveyed 2,000 adults, explored the attitudes of people in the UK towards accessing their finances online and their willingness to allow their
financial information to be shared securely with financial providers.

The survey also found that willingness for better access to their financial data was highest amongst younger generations.

80 per cent of 16–24-year-olds and 82 per cent of 25–34-year-olds said they would find it easier to manage their financial lives if they could view it all in one place.

“Gaining greater access to your own financial data can unlock a number of benefits and give people better control over their finances,” said Jason O'Shaughnessy, head of international business at Envestnet | Yodlee. “Financial insecurity is increasingly prevalent amongst younger generations, so it is encouraging to see an increased level of willingness to actively engage with their financial lives.”

    Share Story:

Recent Stories


The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.