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 to 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 RE-ALIGNING BUILDING SOCIETIES FOR TODAY’S CONSUMERS THROUGH OPEN BANKING Sam Seaton, Moneyhub CEO, explains how open banking and open finance can help some of the UK’s building societies catch up in the innovation race, attract younger audiences, and simplify customers’ financial lives. Read the guest article SUPPORTING VULNERABLE CUSTOMERS WITH INNOVATIVE CHOICE IN PAYMENTS Following a recent panel discussion at Credit Week in Wales, Richard Koch, OBL Interim Policy Director, highlights how open banking can support the financially vulnerable, including through affordable lending and flexible variable recurring payments. Read the article 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 May API performance99.45%Average API Availability375msAverage API Response Time99.01%Successful API Calls (%)99.54%Average API availability – weighted1520.9mSuccessful API Calls Actual0.99%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 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 Supporting vulnerable consumers with innovative choice in payments 21 June 2024 Read more Thought Leadership Re-aligning building societies for today’s consumers through open banking 19 June 2024 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 to 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 RE-ALIGNING BUILDING SOCIETIES FOR TODAY’S CONSUMERS THROUGH OPEN BANKING Sam Seaton, Moneyhub CEO, explains how open banking and open finance can help some of the UK’s building societies catch up in the innovation race, attract younger audiences, and simplify customers’ financial lives. Read the guest article SUPPORTING VULNERABLE CUSTOMERS WITH INNOVATIVE CHOICE IN PAYMENTS Following a recent panel discussion at Credit Week in Wales, Richard Koch, OBL Interim Policy Director, highlights how open banking can support the financially vulnerable, including through affordable lending and flexible variable recurring payments. Read the article 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
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 to 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
RE-ALIGNING BUILDING SOCIETIES FOR TODAY’S CONSUMERS THROUGH OPEN BANKING Sam Seaton, Moneyhub CEO, explains how open banking and open finance can help some of the UK’s building societies catch up in the innovation race, attract younger audiences, and simplify customers’ financial lives. Read the guest article
SUPPORTING VULNERABLE CUSTOMERS WITH INNOVATIVE CHOICE IN PAYMENTS Following a recent panel discussion at Credit Week in Wales, Richard Koch, OBL Interim Policy Director, highlights how open banking can support the financially vulnerable, including through affordable lending and flexible variable recurring payments. Read the article
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
May API performance99.45%Average API Availability375msAverage API Response Time99.01%Successful API Calls (%)99.54%Average API availability – weighted1520.9mSuccessful API Calls Actual0.99%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 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 Supporting vulnerable consumers with innovative choice in payments 21 June 2024 Read more Thought Leadership Re-aligning building societies for today’s consumers through open banking 19 June 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 Supporting vulnerable consumers with innovative choice in payments 21 June 2024 Read more
Thought Leadership Re-aligning building societies for today’s consumers through open banking 19 June 2024 Read more