SMART DATA: UNLEASHING THE FULL POTENTIAL OF OPEN BANKING – EVENT ROUND-UP OBL recently hosted a lively panel on ‘Smart Data: Unleashing the Full Potential of Open Banking’ at Parliament. Topics included liberating data to benefit consumers and SMEs, the rollout of key smart data sectors and international competition. Read our round-up OBL TRUSTEE RESPONDS TO PSR’s CALL FOR VIEWS ON THE EXPANSION OF VRPs The Payment System Regulator asked for views on the pilot to extend variable recurring payments into additional low-risk use cases. Marion King, OBL Trustee, has set out her detailed response to this vital next step for open banking. Read the response Read more LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study FEBRUARY HIGHLIGHTS OBL Chair and Trustee, Marion King, comments: “I’m pleased to see incredibly strong growth in the latest open banking adoption and payments data for 2024: we now have over 9m users and there were 14.45m open banking payments made in January alone. I applaud the ecosystem’s efforts – it’s a true representation of stakeholder collaboration in action. However, there is more to be done to fast develop a sustainable industry structure and economic model that delivers a full suite of potential benefits to end-consumers and to our economy.” Regulated providers SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. it also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study PLEND USES OPEN BANKING DATA TO OFFER AFFORDABLE LENDING Alternative lender Plend uses open banking data to offer cost-effective lending to people with invisible credit histories. We explain how this supports accurate loan assessments and debt consolidation in our new case study. Read case study OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more Select to scroll to the previous slide Select to scroll to the next slide ECOSYSTEMFind all the information and support your organisation needs to create personalised open banking-enabled services. Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more January API performance99.91%Average API Availability372msAverage API Response Time99.46%Successful API Calls (%)99.96%Average API availability – weighted1384.5mSuccessful API Calls Actual0.54%Failed API CallsSee all latest figures BENEFITS Explore the many practical ways that open banking can help you take control of your finances. Consumers Open banking is a secure way to help you understand your day-to-day finances, find cost-effective lending, and help tackle debt. Find out more BusinessesOpen banking data and payments solutions can help businesses manage their finances, control cash flow and improve financial forecasting.Find out more LATEST NEWS AND INSIGHTS Article ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more Thought Leadership OBL Trustee responds to PSR’s Call for Views on the expansion of VRPs 15 February 2024 Read more Banking Satisfaction Survey OBL publishes latest Open Banking Service Quality Indicators 15 February 2024 Read more Case studies Little Birdie subscription app helps drive better money management 13 February 2024 Read more Thought Leadership Open banking: expert predictions for 2024 09 February 2024 Read more
SMART DATA: UNLEASHING THE FULL POTENTIAL OF OPEN BANKING – EVENT ROUND-UP OBL recently hosted a lively panel on ‘Smart Data: Unleashing the Full Potential of Open Banking’ at Parliament. Topics included liberating data to benefit consumers and SMEs, the rollout of key smart data sectors and international competition. Read our round-up OBL TRUSTEE RESPONDS TO PSR’s CALL FOR VIEWS ON THE EXPANSION OF VRPs The Payment System Regulator asked for views on the pilot to extend variable recurring payments into additional low-risk use cases. Marion King, OBL Trustee, has set out her detailed response to this vital next step for open banking. Read the response Read more LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study FEBRUARY HIGHLIGHTS OBL Chair and Trustee, Marion King, comments: “I’m pleased to see incredibly strong growth in the latest open banking adoption and payments data for 2024: we now have over 9m users and there were 14.45m open banking payments made in January alone. I applaud the ecosystem’s efforts – it’s a true representation of stakeholder collaboration in action. However, there is more to be done to fast develop a sustainable industry structure and economic model that delivers a full suite of potential benefits to end-consumers and to our economy.” Regulated providers SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. it also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study PLEND USES OPEN BANKING DATA TO OFFER AFFORDABLE LENDING Alternative lender Plend uses open banking data to offer cost-effective lending to people with invisible credit histories. We explain how this supports accurate loan assessments and debt consolidation in our new case study. Read case study OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more Select to scroll to the previous slide Select to scroll to the next slide
SMART DATA: UNLEASHING THE FULL POTENTIAL OF OPEN BANKING – EVENT ROUND-UP OBL recently hosted a lively panel on ‘Smart Data: Unleashing the Full Potential of Open Banking’ at Parliament. Topics included liberating data to benefit consumers and SMEs, the rollout of key smart data sectors and international competition. Read our round-up
OBL TRUSTEE RESPONDS TO PSR’s CALL FOR VIEWS ON THE EXPANSION OF VRPs The Payment System Regulator asked for views on the pilot to extend variable recurring payments into additional low-risk use cases. Marion King, OBL Trustee, has set out her detailed response to this vital next step for open banking. Read the response Read more
LITTLE BIRDIE SUBSCRIPTON APP HELPS DRIVE BETTER MONEY MANAGEMENT Out-of-date subscriptions and bill payments cost consumers millions of pounds each year. Little Birdie’s subscription and bill tracker uses open banking data, in partnership with Bud, to spot unused subscriptions and bills and enable switching and cancellation all within the app. Read case study
FEBRUARY HIGHLIGHTS OBL Chair and Trustee, Marion King, comments: “I’m pleased to see incredibly strong growth in the latest open banking adoption and payments data for 2024: we now have over 9m users and there were 14.45m open banking payments made in January alone. I applaud the ecosystem’s efforts – it’s a true representation of stakeholder collaboration in action. However, there is more to be done to fast develop a sustainable industry structure and economic model that delivers a full suite of potential benefits to end-consumers and to our economy.” Regulated providers
SALAD MONEY USES OPEN BANKING TO DELIVER FAIRER FINANCE Alternative lender Salad Money uses open banking data as part of its loan assessment to offer affordable finance to UK employees, including public sector workers. it also incorporates the Inbest Benefits Checker to identify eligibility for additional benefits. Read case study
PLEND USES OPEN BANKING DATA TO OFFER AFFORDABLE LENDING Alternative lender Plend uses open banking data to offer cost-effective lending to people with invisible credit histories. We explain how this supports accurate loan assessments and debt consolidation in our new case study. Read case study
OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping 8 million UK customers and businesses move, manage and make more of their money. Find out more
ECOSYSTEMFind all the information and support your organisation needs to create personalised open banking-enabled services. Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more
Account ProvidersForge links to a busy community of fintechs and other innovative firms – collaborating to deliver new value-adds, tailored to customers’ financial needs via their bank transaction data.Find out more
Fintechs (TPPs)Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus a Directory of participants which are ready to embrace your offering.Find out more
Technical service providersFrom security standards to support services, open banking gives you trusted credentials.Find out more
RegulatoryInformation and guides to help you navigate the world of open banking regulation, from the CMA order to PSD2 and beyond.Find out more
January API performance99.91%Average API Availability372msAverage API Response Time99.46%Successful API Calls (%)99.96%Average API availability – weighted1384.5mSuccessful API Calls Actual0.54%Failed API CallsSee all latest figures
BENEFITS Explore the many practical ways that open banking can help you take control of your finances.
Consumers Open banking is a secure way to help you understand your day-to-day finances, find cost-effective lending, and help tackle debt. Find out more
BusinessesOpen banking data and payments solutions can help businesses manage their finances, control cash flow and improve financial forecasting.Find out more
LATEST NEWS AND INSIGHTS Article ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more Thought Leadership OBL Trustee responds to PSR’s Call for Views on the expansion of VRPs 15 February 2024 Read more Banking Satisfaction Survey OBL publishes latest Open Banking Service Quality Indicators 15 February 2024 Read more Case studies Little Birdie subscription app helps drive better money management 13 February 2024 Read more Thought Leadership Open banking: expert predictions for 2024 09 February 2024 Read more
Article ‘Smart Data: Unleashing the full potential of open banking’ – event round-up 23 February 2024 Read more
Thought Leadership OBL Trustee responds to PSR’s Call for Views on the expansion of VRPs 15 February 2024 Read more
Banking Satisfaction Survey OBL publishes latest Open Banking Service Quality Indicators 15 February 2024 Read more
Case studies Little Birdie subscription app helps drive better money management 13 February 2024 Read more