What is "Open Banking" and is it secure?

Open Banking is  a secure and regulated way to connect directly with your bank. It is based on EU regulation and uses the same security standards as online banking. This approach allows members to share their financial information securely and electronically with other banks, or other authorised financial organisations. 

With Open Banking, you decide exactly what is shared and for how long. Tide and our partner Token never get access to your money or full account data — only a specific, time-limited permission to carry out the requested action, such as a single deposit.