In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly ...

Much has been said and written about open banking in the last few years, and 2024 certainly saw it achieve significant traction. The U.K.’s open banking roadmap reached full completion, with the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The milestone comes six-and-a-half years after the rollout of ...

New open banking rules have created the potential to enable smaller institutions to compete more effectively with their larger peers — if they're willing to seize the opportunity, writes Susan Foulds, ...

Imagine a rule that forced banks to hand over your bank account credentials and sensitive transaction information to third parties with no guarantee of security, and all for free. It’s no fantasy–this ...

Citizens Bank's latest foray into open banking is aimed at the annoyance of switching recurring payments from one card or bank account to another, a hurdle the bank plans to ease through a mobile app ...

Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and the immediate availability of funds to the beneficiary on a 24/7/365 ...