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.”

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