One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately £4.1 ...

In 2017, the UK introduced open banking, a concept born from an initiative by the Competition and Markets Authority (CMA) aimed at improving retail banking. The CMA required the nine largest retail ...

Much has been said and written about open banking in the last few years, and 2024 certainly saw it achieve significant traction. The U.K.’s open banking roadmap reached full completion, with the ...

Open banking adoption is rising and marketing and giving way to new use cases, but offering the right incentives is key to success. Both regulatory and market driven open banking has become an ...

Open banking in the UK is eight years old and has become an established part of the financial services sector, but its next phase will see it help create services beyond retail banking.

Starting in 2026, here are three ways to ensure you use this fintech innovation most conveniently.

If a business wants to let a software program consume its banking data, it typically needs to go through a long series of processes, involving extensive paperwork and implementation, to do so.

Rohit Chopra, director of the Consumer Financial Protection Bureau. On Tuesday, the Consumer Financial Protection Bureau finalized a long-awaited rule that promises to enable consumers to better ...

Artificial intelligence (AI) isn’t the only technology driving digital transformation. For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a ...

Lee Fulmer, senior advisor at McKinsey and Chairman of the OpenUK Finance Advisory board, weighs in on why open banking is such a hard problem. His insights have important implications for the ...