EVENT ROUND-UP: UK OPEN BANKING STRATEGY SUMMIT We hosted our first Open Banking Strategy Summit this week, looking ahead to the future of open banking. Key topics included the new Data Information and Smart Data Bill, the future entity and the expansion of open banking into open finance and smart data to create a collaborative, data-driven economy. Read the event round-up OPEN BANKING MARKS MAJOR MILESTONE OF 10 MILLION USERS There are now 10 million consumers and small businesses who have been empowered to take advantage of the benefits of open banking and manage their financial lives in new and innovative ways. Read more OBL PUBLISHES OPEN BANKING STANDARD V4.0 TO ASSURE FUTURE ECOSYSTEM GROWTH We have launched v4.0 of the Open Banking Standard, which includes key updates such as the FAPI uplift, ISO 20022 alignment and information flow changes, which will deliver further benefits to end-users. Find out more WONDERFUL’S A2A PLATFORM OFFERS COST-EFFECTIVE PAYMENT PROCESSING FOR SMALL FIRMS Payments platform Wonderful offers direct open banking payments for charities and small businesses – helping cut card processing costs and speed up receipt of funds. Read our case study Why smart data legislation is key to the UK’s economic success Smart data is about creating a competitive market where innovation thrives, delivering tangible benefits to individuals and businesses. Ghela Boskovich, Head of Europe, FDATA, explains why the next government should prioritise economic growth and innovation by accelerating a standalone bill for smart data. Read the guest article JUNE HIGHLIGHTS “Last month, we published Open Banking Standard v4.0, the first major release for several years, which has been developed collaboratively with the entire ecosystem. The Standard has laid the foundations for a thriving open banking ecosystem which benefits 9.79m active users and is worth more than £4bn to the UK economy. OBL will continue to maintain and update the Standard to ensure it is robust and able to support the future development of open banking.” Marion King, OBL Chair and Trustee Find out more OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping more than 9 million UK consumers 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 June API performance99.61%Average API Availability378msAverage API Response Time99.53%Successful API Calls (%)99.83%Average API availability – weighted1494.0mSuccessful API Calls Actual0.47%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 Thought Leadership Event round-up: UK Open Banking Strategy Summit – the future of open banking 26 July 2024 Read more Press Releases Open banking marks major milestone of 10 million users 23 July 2024 Read more Case studies Wonderful’s A2A platform offers cost-effective payment processing for small firms 03 July 2024 Read more Standards OBL publishes Open Banking Standard v4.0 to assure future ecosystem growth 28 June 2024 Read more Thought Leadership Why smart data legislation is key to the UK’s economic success 25 June 2024 Read more
EVENT ROUND-UP: UK OPEN BANKING STRATEGY SUMMIT We hosted our first Open Banking Strategy Summit this week, looking ahead to the future of open banking. Key topics included the new Data Information and Smart Data Bill, the future entity and the expansion of open banking into open finance and smart data to create a collaborative, data-driven economy. Read the event round-up OPEN BANKING MARKS MAJOR MILESTONE OF 10 MILLION USERS There are now 10 million consumers and small businesses who have been empowered to take advantage of the benefits of open banking and manage their financial lives in new and innovative ways. Read more OBL PUBLISHES OPEN BANKING STANDARD V4.0 TO ASSURE FUTURE ECOSYSTEM GROWTH We have launched v4.0 of the Open Banking Standard, which includes key updates such as the FAPI uplift, ISO 20022 alignment and information flow changes, which will deliver further benefits to end-users. Find out more WONDERFUL’S A2A PLATFORM OFFERS COST-EFFECTIVE PAYMENT PROCESSING FOR SMALL FIRMS Payments platform Wonderful offers direct open banking payments for charities and small businesses – helping cut card processing costs and speed up receipt of funds. Read our case study Why smart data legislation is key to the UK’s economic success Smart data is about creating a competitive market where innovation thrives, delivering tangible benefits to individuals and businesses. Ghela Boskovich, Head of Europe, FDATA, explains why the next government should prioritise economic growth and innovation by accelerating a standalone bill for smart data. Read the guest article JUNE HIGHLIGHTS “Last month, we published Open Banking Standard v4.0, the first major release for several years, which has been developed collaboratively with the entire ecosystem. The Standard has laid the foundations for a thriving open banking ecosystem which benefits 9.79m active users and is worth more than £4bn to the UK economy. OBL will continue to maintain and update the Standard to ensure it is robust and able to support the future development of open banking.” Marion King, OBL Chair and Trustee Find out more OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping more than 9 million UK consumers 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
EVENT ROUND-UP: UK OPEN BANKING STRATEGY SUMMIT We hosted our first Open Banking Strategy Summit this week, looking ahead to the future of open banking. Key topics included the new Data Information and Smart Data Bill, the future entity and the expansion of open banking into open finance and smart data to create a collaborative, data-driven economy. Read the event round-up
OPEN BANKING MARKS MAJOR MILESTONE OF 10 MILLION USERS There are now 10 million consumers and small businesses who have been empowered to take advantage of the benefits of open banking and manage their financial lives in new and innovative ways. Read more
OBL PUBLISHES OPEN BANKING STANDARD V4.0 TO ASSURE FUTURE ECOSYSTEM GROWTH We have launched v4.0 of the Open Banking Standard, which includes key updates such as the FAPI uplift, ISO 20022 alignment and information flow changes, which will deliver further benefits to end-users. Find out more
WONDERFUL’S A2A PLATFORM OFFERS COST-EFFECTIVE PAYMENT PROCESSING FOR SMALL FIRMS Payments platform Wonderful offers direct open banking payments for charities and small businesses – helping cut card processing costs and speed up receipt of funds. Read our case study
Why smart data legislation is key to the UK’s economic success Smart data is about creating a competitive market where innovation thrives, delivering tangible benefits to individuals and businesses. Ghela Boskovich, Head of Europe, FDATA, explains why the next government should prioritise economic growth and innovation by accelerating a standalone bill for smart data. Read the guest article
JUNE HIGHLIGHTS “Last month, we published Open Banking Standard v4.0, the first major release for several years, which has been developed collaboratively with the entire ecosystem. The Standard has laid the foundations for a thriving open banking ecosystem which benefits 9.79m active users and is worth more than £4bn to the UK economy. OBL will continue to maintain and update the Standard to ensure it is robust and able to support the future development of open banking.” Marion King, OBL Chair and Trustee Find out more
OPEN BANKING – THE FUTURE OF FINANCE We provide the trusted framework to connect banks, fintechs and technical providers – simple, secure technology that’s helping more than 9 million UK consumers 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
June API performance99.61%Average API Availability378msAverage API Response Time99.53%Successful API Calls (%)99.83%Average API availability – weighted1494.0mSuccessful API Calls Actual0.47%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 Thought Leadership Event round-up: UK Open Banking Strategy Summit – the future of open banking 26 July 2024 Read more Press Releases Open banking marks major milestone of 10 million users 23 July 2024 Read more Case studies Wonderful’s A2A platform offers cost-effective payment processing for small firms 03 July 2024 Read more Standards OBL publishes Open Banking Standard v4.0 to assure future ecosystem growth 28 June 2024 Read more Thought Leadership Why smart data legislation is key to the UK’s economic success 25 June 2024 Read more
Thought Leadership Event round-up: UK Open Banking Strategy Summit – the future of open banking 26 July 2024 Read more
Case studies Wonderful’s A2A platform offers cost-effective payment processing for small firms 03 July 2024 Read more
Standards OBL publishes Open Banking Standard v4.0 to assure future ecosystem growth 28 June 2024 Read more
Thought Leadership Why smart data legislation is key to the UK’s economic success 25 June 2024 Read more