DELIVERING THE ROADMAP – NEXT STEPS In 2024, the Competition and Markets Authority (CMA) confirmed the full completion of the final Roadmap for Open Banking. Thanks to the CMA9, regulators, policymakers, fintechs and other key players in the open banking ecosystem who collaborated to successfully deliver this world-leading regulatory initiative. Seven years on from our launch, 2025 is a pivotal year as we transition to a new entity, move beyond being a competition remedy and look to harness commercial incentives to build on our successes and create a smart data economy. We will move to new arrangements agreed by the Joint Regulatory Oversight Committee (JROC), but will continue to protect the ongoing requirements of the Order to deliver benefits to the wider economy, consumers and small businesses. Scroll for more OPEN BANKING – A UK SUCCESS STORY Our journey from the origins of the Order, to counting more than 12 million users who are benefiting from open-banking powered apps, products and services. OPEN BANKING AND SMART DATA – 2025 PREDICTIONS As we look ahead to a pivotal year, we ask industry and OBL experts to share their predictions for open banking this year. Find out their views on the National Payments Vision, business and consumer borrowing and opportunities for different sectors to benefit from a smart data economy. Read the ebook “The CMA’s confirmation of the Roadmap’s full completion is a major achievement for open banking in the UK. I’d like to pay tribute to the banking providers who have successfully implemented the Roadmap, and the ecosystem and wider stakeholders for their hard work and collaboration that allowed us to reach this major milestone in a relatively short period of time. Thanks to their efforts, we are now able to move closer to a smart data economy in which we unlock the full potential of open banking for consumers and businesses alike.” Marion King, OBL Chair and Trustee Contact usIf you would like to talk to one of our team about how open banking and smart data could help your business or organisation, please email us at press@openbanking.org.uk.Email us
DELIVERING THE ROADMAP – NEXT STEPS In 2024, the Competition and Markets Authority (CMA) confirmed the full completion of the final Roadmap for Open Banking. Thanks to the CMA9, regulators, policymakers, fintechs and other key players in the open banking ecosystem who collaborated to successfully deliver this world-leading regulatory initiative. Seven years on from our launch, 2025 is a pivotal year as we transition to a new entity, move beyond being a competition remedy and look to harness commercial incentives to build on our successes and create a smart data economy. We will move to new arrangements agreed by the Joint Regulatory Oversight Committee (JROC), but will continue to protect the ongoing requirements of the Order to deliver benefits to the wider economy, consumers and small businesses. Scroll for more
Contact usIf you would like to talk to one of our team about how open banking and smart data could help your business or organisation, please email us at press@openbanking.org.uk.Email us