Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are ...

Open Banking Limited (OBL), the standards setter for open banking, today announces the appointment of the Rt Hon John Glen MP to its board as an Independent Non-Executive Director. While in government ...

In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The milestone comes as the FCA, in a recent letter to the ...

One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately £4.1 billion to the UK economy. Image: Envato It’s a fintech-themed party as open ...

Lee Fulmer, senior advisor at McKinsey and Chairman of the OpenUK Finance Advisory board, weighs in on why open banking is such a hard problem. His insights have important implications for the ...

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This ...

For much of modern history, banking followed geography. Where you lived determined where you could open an account, how your savings were protected, and how easily you could move money across borders.