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Is open banking safe?


Yes, open banking features bank-level security and is authorised and regulated - like Dashly - by the FCA (Financial Conduct Authority). If using open banking you should always ensure that payment details are only submitted to regulated websites. If you use open banking and connect your information to unregulated sites, you may experience a breach of data. Just like any regular account, you should always carefully monitor your accounts for any unauthorised transactions.

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