Numbers stack up for UK open banking three years on

Numbers stack up for UK open banking three years on
Three years have passed since open banking regulations came into force and momentum is gathering
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Published: 14 Jan 2021 13:54
Nearly six billion calls were made from fintech application programming interfaces (APIs) to bank servers in the UK in 2020 and more than four million open banking payments were completed.
Figures from the UK’s Open Banking Implementation Entity (OBIE) said more than four million open banking payments were made in 2020, compared with 320,000 in 2018, and nearly six billion API calls were made to servers in the UK, compared with just 66.8 million in 2018.

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