Robo-advice  

D2C platforms under threat from open banking

Dennis Hall, managing director of Yellowtail Financial Planning, said: "Open banking could potentially work for advisers and work for financial services but I think the biggest challenge is getting a big enough cohort of consumers to use it in the first place.

"People may not want to have a third party aggregating their data but if you can get over that it could be very helpful for advisers."

damian.fantato@ft.com