Introduction

We regularly monitor banks in the UK that are subject to Open Banking regulations. For several years, banks have been operating under consistent open banking rules, and compliance continues to improve.

The UK continues to be at the forefront of the global Open Banking revolution thanks to the proactive attitude of the regulators. These regulators helped create an Open Banking ecosystem that encourages and facilitates smaller banks and new entries, including fintechs and neobanks, to participate in the Open Banking market.

As the most advanced Open Banking market in the world, the UK provides an example of best practices in the implementation of API-based Open Banking.

Download the white paper to see detailed performance analysis for a wide range of UK banks.

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