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this post was submitted on 23 Sep 2023
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My one wonder is, what would banks use to securely provide access to their customers online? What about online stores for local small, medium, and large businesses? Or is this going to knly target messaging and social networks?
Considering that it would be illegal for banks to securely provide access to their customers online the answer is simple: they wouldn't.
I see, so this is a blanket ban then.
Given that the UK's tech industry is strongly tied to Fintech, and without it utterly crumbles into becoming cheap support for the US, I hope there is some serious clapback from the likes of Monzo, Starling, and co.