Open Banking for Good

The OB4G proejct came out of our relationship with the inclusive Economy Partnership, a collaboration between business, civil society and government departments. At the heart of OB4G is a big goal: to use Open Banking to solve some of society's biggest challenges, creating solutions that bring practical help to the 'financially squeezed' - the one in four households (12.7 million people) who are struggling financially in the UK.

Nationwide has worked with 17 countries and organisations to identify three key challenges for OB4G to focus on:

1.     Income and expenditure

2.     Income smoothing

3.     Money management and help