Open Banking

OBL was pleased to be featured on BBC Morning Live today, shedding light on how open banking-powered money management apps are revolutionising the savings market and supporting millions to save more. With over 9 million active users and gaining 1 million first-time users every month, the benefits of this innovative technology are undeniable. Watch the clip >> #BBC #openbanking #moneysavingapps #gains

31 firms - including fintechs, high street and challenger banks, and payment providers – have agreed to fund and take forward the initial phase of commercial variable recurring payments (CVRPs).  This will support the creation of a new entity that will be owned and run by industry, and is the next step in implementing a key element of the Government's National Payments Vision. You can see the full list of funders here>> https://lnkd.in/eBETcgVa Financial Conduct Authority| Payment Systems Regulator | HM Treasury | Innovate Finance | The Payments Association | UK Finance | Pay.UK #IFGS 2025 #UKFW2025 #OpenBanking #OpenFinance #Payments

The OBL team was out and about at Innovate Finance Global Summit today, with Henk Van Hulle taking part in the panel ‘Open Banking: From Regulation to Revolution’. Henk covered key regulatory and legislative changes coming up that will truly unlock open banking and allow for open finance.   He also announced 'big news' coming later this week on the industry’s collective efforts to make commercial variable recurring payments a reality.   #IFGS 2025 #UKFW2025 #OpenBanking #OpenFinance #Payments #CVRP

Managing data permissions can be a challenge for both consumers and businesses. Smarter Contracts Pulse® platform offers a single dashboard that aims to simplify managing customer consents - and help make switching financial and energy services pain-free.  Find out how in our case study >> https://lnkd.in/gTVVvDXa Wayne Lloyd | Daniel Weaver | Department for Business and Trade | Challenge Works (Nesta) | Open Data Institute #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #SmartDataChallengePrize

OBL CEO, Henk Van Hulle, commented: "We're delighted to see that our March 2025 data shows the highest ever number of open banking users, up by 6.0% to 13.31 million. This is a record high, representing 40% growth year-on-year. Last month also saw the highest number of open banking payments ever, climbing by 15.3% to 27.21 million. This has been driven by strong growth in both single domestic payments (+15.9%) and VRPs (+11.5%)." Find out more here >> https://lnkd.in/gi_N7FZi #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #MiData #API #Data

Open banking is the UK’s first smart data scheme, and provides the blueprint for similar schemes that could unlock cost savings on energy and mobile tariffs, as well as mortgages and investments. Enabling consumers to securely share their data can also support economic growth and enable other financial innovations such as digital wallets and digital verification. Henk Van Hulle, OBL CEO, explains how in Mediaplanet UK & IE’s Future of FinTech campaign > https://lnkd.in/e-F3jsyS #OpenBanking #SmartData #OpenFinance #Innovation #Payments #DigitalVerification #DigitalWallets #FutureofFinTechCampaign2025 #FutureofFinanceCampaign2025

OBL has published the Commercial Model for Variable Recurring Payments Wave 1, the public consultation on the Wave 1 cVRP Commercial Model report prepared for OBL by Frontier Economics. We welcome your feedback on the proposals and pricing set out in the report. Please share your response by 16 May. Details are on our web page here >> https://lnkd.in/eJHSCcJi Addleshaw Goddard Nick Davey #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #CVRP #VRPS #Payments #CommercialVRPs

UK Finance and Open Banking Limited invite you to a public webinar on 10 April to explore the evolving commercial model for Variable Recurring Payments (cVRP). The public webinar is open to all, and you do not have to be a UK Finance member to join. We would encourage all stakeholders with an interest in open banking to join the webinar, on Thursday 10th April, 11:30-12:30. You can register for the event here >> https://lnkd.in/emAhKQr8 #OpenBanking #cVRP #Data #SmartData #OpenFinance #MiData #Innovation #API #TechInnovation #Payments #Data

The Future is Open: Navigating the Next Phase of UK Open Banking, authored by global professional services firm Alvarez & Marsal, charts open banking’s journey so far and asks industry experts what steps are necessary to ensure its future success. OBL Trustee, Marion King, comments that open banking is in its strongest position yet as data and payments continue to make ground, and consumers and businesses are seeing its benefits in day-to-day financial management and access to affordable lending. Read the report >> https://lnkd.in/eva3nWwW #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #Data Wayne Brown | Henk Van Hulle | Stephen Wright | NatWest | Ghela Boskovich | FDATA Global | Tom Burton | GoCardless | Charlotte Crosswell OBE | Centre for Finance, Innovation and Technology (CFIT) | Jon Greenall | Wise | Adam Jackson | Innovate Finance | James Lynn | Currensea | Phillip Mind | UK Finance

Switching products and services can help consumers make valuable savings on financial products and services – like finding better interest rates or savings accounts – but this takes time and effort. Smarter Contracts’ Pulse™ protocol aims to simplify data permissions for companies and consumers - and make switching as pain-free as possible. Find out how in our latest case study >> https://lnkd.in/gTVVvDXa Wayne Lloyd | Daniel Weaver | Department for Business and Trade | Challenge Works Inc. | Open Data Institute | Smart Data Institute Limited #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #Data #SmartDataChallengePrize