this post was submitted on 26 May 2024
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From my understanding, the answer is yes, on an opt in basis. Any organisation (that signs up and follows the rules) can request access and you need to approve a prompt.
However, the 30 May date is just for payments. Account sharing comes later and depends on the bank.
However, if you're worried about moving into a world where this is required... You're probably right to be worried.
It's not exactly opt in if it's "share your data or we won't give you insurance".
It is going to be share your data or no insurance.
Damn, these are dark times, just around the corner.
This will crush people. We think Americans have it rough. Just wait.
They'll already insist on whatever information they feel is useful. This just saves them from scanning in your statements.
And working in finance (in UK & Europe), they generally collect and keep as little data as is necessary anyhow - personal data is a pain to safely manage these days, and I'm always keen to be responsible for as little of it as possible.
You live in Europe. I live in Australia. I don't know about NZ, but it's the wild west here. I don't trust any of these companies.
Insurance bot: Oh look... makingStuffForFun is buying more sugary items this month. And alcohol. Up their insurance.