Open banking
Open banking is a secure and regulated way for people and businesses to share access to payments data from their bank account with trusted apps and services.
Advice for consumers
Open finance
Open finance extends data-sharing principles to a wider range of services and products – from credit to mortgages, pensions and insurance – giving consumers greater control over their financial data.
Learn moreOur strategic goals
Our vision is enable a thriving, sustainable open banking ecosystem that drives competition, innovation, and growth in the UK. Here’s what that means in practice:
Accessible and valuable
Open banking should be easy to use, widely available, and deliver clear benefits to consumers and small businesses.
Safe and secure
Protecting users’ data and payments is paramount. The framework will ensure appropriate consumer protections and fight financial crime.
Scalable and responsive
The regulatory framework must be flexible enough to handle growing demand and adapt to new products and services.
Interoperable
Open banking should work smoothly not just within the UK, but also across borders.
Promoting competition and innovation
Open banking should foster competition and innovation, unlocking opportunities for growth and better services for everyone.
Recent highlights
Open banking: a year of progress
With over 16 million active users and a 53% year-on-year growth in payments, open banking in the UK has reached new heights.
Our vision for 2026Smart Data Accelerator
Help shape the direction of open finance and open banking. Our Accelerator is a secure, dedicated space for research and testing.
Get involvedOur research
We commissioned research on the current state of open banking services and to shape the UK’s open finance strategy.
Learn more
