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.

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.

Open banking and smart data – expert predictions 2025

After a positive year for open banking, we ask industry and OBL experts for their views on key developments for 2025 from business borrowing to consumer protection; from financial inclusion to fraud; and from the National Payments Vision to a smart data economy.

JANUARY 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

OBL celebrates 7th anniversary of PSD2 and the creation of open banking

OBL marks the seventh anniversary of PSD2 being implemented in the UK, which made open banking a regulatory requirement, along with the
CMA Order.

With 11.7m active users, we are looking forward to a productive 2025 which will see the Data Bill progressing through Parliament, paving the way for the evolution into open finance and a smart data economy.

OBL publishes JROC report: Financial Crime within Open Banking journeys

Open Banking Limited (OBL) is pleased to publish the final report for JROC Workstream 2a, Financial Crime within Open Banking journeys, which is the result of extensive consultation with the ecosystem, regulators and relevant industry bodies. 

It is the first time that such a rich dataset and insights have been gathered specifically relating to fraud in open banking.