The Future is Open: Navigating the Future of Open Banking

This new report, from global professional services firm, Alvarez & Marsal, features insights from OBL Trustee, Marion King, and industry experts on the next steps needed to ensure open banking’s continued success.

These include commercial variable recurring payments, the diversification of ‘open’ financial data and cross-border data portability.

Read the report

Citizens Advice uses PayPoint and AperiData financial support tool to speed up debt assessments

Citizens Advice helped 2.5m people with support in 2024, including advice on debt and money management.

Its Stevenage team used PayPoint and AperiData’s FIS Customer Support Tool to speed up financial assessments, enabling advisers to offer advice faster, reduce the number of clients who drop out of support, and helping build financial resilience.

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OBL launches public consultation on the multilateral agreement for cVRPs

We are pleased to publish the public consultation on the Commercial Variable Recurring Payments (cVRP) Multilateral Agreement (MLA).      

We have published this alongside the draft documents that make up the MLA for cVRPs, and we welcome written responses from the industry.  

Please submit your feedback by 28 February.

Read the consultation and the MLA

FEBRUARY HIGHLIGHTS

“Providing consumers with easier access to their data and the ability to share it with third parties can drive competition and innovation in different economic sectors.

The announcement of the Data (Use and Access) Bill last year signalled clear intent from the Government about the importance of building on open banking’s data sharing principles to deliver a smart data economy that the Department for Science and Technology estimates is worth £10 billion over 10 years.”
Henk Van Hulle, OBL CEO

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Simplify switching products and services with Smarter Contracts’ Pulse protocol

Switching products and services can help consumers make valuable savings on financial products and services – like finding better interest rates or savings accounts – but this takes time and effort. Smarter Contracts’ Pulse™ protocol aims to simplify data permissions for companies and consumers – and make switching as pain-free as possible.

Read the case study

ECOSYSTEM

Find all the information and support your organisation needs to create personalised open banking-enabled services.

Account Providers

Forge links to a thriving community of fintechs and other innovative firms – collaborating to deliver value-adds, tailored to customers’ financial needs via their bank transaction data.

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Fintechs (TPPs)

Build your proposition with access to the expertise and tools of a world-leading open banking ecosystem – plus the Open Banking Directory of participants.

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Technical service providers

From security standards to support services, open banking gives you trusted credentials.

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Regulatory

Information and guides to help you navigate open banking regulation, from the CMA order to PSD2 and beyond.

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February API performance

99.69%

Average API Availability

337ms

Average API Response Time

99.54%

Successful API Calls (%)

99.94%

Average API availability – weighted

1780.8m

Successful API Calls Actual

0.46%

Failed API Calls

See 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.

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Businesses

Open banking data and payments solutions can help businesses manage their finances, control cash flow and improve financial forecasting.

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LATEST NEWS AND INSIGHTS