Open Banking
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Open Banking
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Latest news, articles, press releases, research and reports from Open Banking Limited (OBL). | About OPEN BANKING LIMITED Open Banking Limited (OBL) – the Implementation Entity described in the CMA Order – built the UK’s world-leading Open Banking Standard and industry guidelines to drive competition, innovation and transparency in UK retail banking. There are now over 18 million active users – consumers and SMEs – of open banking-powered financial management apps and payment tools in the UK. Delivering the Roadmap Scroll for more THE ORIGINS OF open banking In 2016, The Competition and Markets Authority (CMA) published a report on the UK’s retail banking market . The report found that established banks don’t have to compete hard enough to gain customers’ business, while newer banks f
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