16th May 2018 Church News.
Application programming interface (API) provider TrueLayer has partnered with independent insurance adviser Anorak to enable the first application of PSD2 into the life insurance market. Traditionally, an insurance provider would sell products and consumers would usually choose the cheapest. However, by using Open Banking to gain access to an individualâs data and predict the level of life insurance cover they will need, Anorak is opening up a new market.
