Nocashevents The third anniversary of Open Banking in the UK. Almost 300 fintechs and more than 2.5 million users have joined the ecosystem.

The third anniversary of Open Banking in the UK. Almost 300 fintechs and more than 2.5 million users have joined the ecosystem.

Every month, hundreds of thousands of UK consumers and businesses become new active open banking users. API call volume has increased from 66.8 million in 2018 to nearly 6 billion in 2020. 320,000 open banking payments were made in 2018, this has subsequently risen to over 4 million in 2020. The UK’s Open Banking Implementation Entity (OBIE), the body tasked with designing open banking technology in the UK, today marks the third year since open […]