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In June 2023, there were 45 active open banking-enabled services offering services aimed at helping customers improve their financial decision-making, four less than in December 2022. This, along with the 45 services providing expanded payments, was 30 percent of all open banking-enabled services in June 2023. The third most common type of open banking service was focus on better borrowing. With a total of 26, the share of these services was 17 percent.

Number of live-to-market open banking-enabled services in the United Kingdom (UK) from 2019 to 2023, by principal outcome area

Outcome area	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Dec 2022	Jun 2023
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Release date

October 2023

More information

Region

United Kingdom

Survey time period

March 2019 to June 2023

Supplementary notes

The source adds the following information: The methodology employed in this analysis distinguishes between Account Information Service Providers (AISPs) that directly offer services to customers and those that primarily serve as platforms enabling other offerings. The latter are referred to as 'platform AISPs'. However, this differentiation becomes less relevant in payment propositions, where Payment Information Service Providers (PISPs) often facilitate merchants in accepting open banking payments alongside offering services directly to customers. Consequently, payment providers are assessed separately.

The analysis relies on data sourced from OBL regarding the number of Third-Party Providers (TPPs) regulated, active in the Sandbox or Production, and with live-to-market services. A total of 151 entities were examined using publicly available information, such as participant websites and press articles, to determine which of the six outcome areas the primary proposition aligned with.

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