Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are ...

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. Following the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The milestone comes as the FCA, in a recent letter to the ...

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 ...

In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly ...

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This ...

The use of open banking services in the UK has increased by a third in the past 12 months as it becomes “part of everyday life”, according to an industry authority. There were over 15 million users of ...

The financial industry just witnessed something extraordinary. While most of us were distracted by other headlines, some savvy banks quietly turned a massive regulatory headache into a revenue ...