Open Banking

26/02/2024

19/12/2023

19/12/2023

Last night at our end-of-year reception, OBL CEO Henk Van Hulle revealed the latest open banking milestone - 8+ million open banking users. He also thanked the open banking ecosystem and stakeholders whose hard work made this milestone possible.

City Minister .afolami.mp said: “Without open banking, fintech businesses wouldn't be as effective. So this stuff really matters. And the reason why it matters is not just the technological underpinning, although that's key. It matters because that is the way in which we are better than our competitors in this country, because we are more forward-thinking from a regulatory, legislative, and industry perspective.

And everybody in this room should be very proud of the part that they have played in that.”

21/11/2023

Payment processing is a common pain point for many businesses. Offering a ‘pay now’ option on invoices via an open banking link can iron this out and speed up inwards payments. See how in our new guide → https://openbanking.foleon.com/e-books/open-banking-for-small-businesses/how-open-banking-payments-in-and-out-can-help-businesses

How open banking payments – in and out – can help businessesChallenge >>Ongoing problems with processing payments add to the difficulties faced by the UK’s small businesses when attempting to secure finance.High transaction costs when accepting card payments can eat into profit margins, partic...

13/11/2023

Problem gambling is a concern for policymakers and the betting industry. In we want to highlight the role that data can play in providing protection for gamblers and tackling . Richard Newman, OBL Director of Corporate Affairs explains how.

Read the article here >> https://www.openbanking.org.uk/insights/open-banking-a-plug-and-play-solution-to-responsible-gambling/

Open banking is enabling a world of innovative apps and services tailored to users’ financial data. Save better and spend better, with open banking.

08/11/2023

Many firms and sole traders feel trapped by the burden of paperwork required to run their business. Open banking can help automate many day-to-day tasks.

Find out more in our new guide for businesses → https://openbanking.foleon.com/e-books/open-banking-for-small-businesses/how-open-banking-can-boost-business-insights

How open banking can boost business insightsImproved forecasting and cash flow with open bankingChallenge >>Many small businesses find it hard to get an accurate picture of their current financial position – the FSB estimated that up to 70% of SMEs can’t accurately forecast their finances. As a ...

01/11/2023

Chair and Trustee, Marion King, comments: “October's been a busy month for open banking, with OBL attending both Labour and Conservative Party Conferences and the flagship industry conference, Open Banking Expo. It's clear that there continues to be strong collaboration and appetite to build on existing successes.

We also saw the publication of two JROC data collection frameworks, the product of expert input from across the ecosystem. We look forward to seeing participants use these frameworks to improve customer experience of open banking.”

https://www.openbanking.org.uk/regulated-providers/

24/10/2023

A very enjoyable and productive Open Banking Expo 2023, covering , , the future of open banking, as well as our new Impact Report. We're already looking forward to next year's show - will it be 'Open Everything Expo'?!

Read our round-up here → https://www.openbanking.org.uk/insights/obl-at-open-banking-expo-2023-show-highlights/

18/10/2023

Looking forward to Open Banking Expo 2023? Join us at stand G10 and dive into lively discussions with our OBL team.
Learn more → https://www.openbanking.org.uk/news/obl-at-open-banking-expo-london-2023/

22/09/2023

Open banking apps can tell you if you’re spending too quickly and when you have spare cash to save. See how apps can help handle challenges >> https://www.openbanking.org.uk/insights/how-open-banking-can-help-consumers-manage-cost-of-living-challenges/

20/09/2023

Some sole traders and small firms have savings in accounts which earn little or no interest in business savings accounts. Variable Recurring Payments (VRPs) for sweeping offers compelling opportunities to boost business savings.

https://openbanking.foleon.com/e-books/open-banking-for-small-businesses/how-open-banking-can-help-boost-business-savings

How open banking can help boost business savingsMaking money on deposit work harderChallenge >>Although many businesses are constrained by costs and lack of finance, there are still a large number of firms which have savings – sometimes substantial – in accounts which earn little or no interest....

19/09/2023

The latest open banking API metrics are now available. See how the account providers' APIs performed in August.

https://www.openbanking.org.uk/api-performance/

The latest monthly performance metrics for open banking APIs, including availability, response times, successful calls and failed calls.