Unlocking the opportunities of open banking and beyond

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The state of play, the direction of travel, and best practices from around the world

Unlocking the opportunities of open banking and beyond
(Image credit: Visa)

Open banking has yielded widespread adoption with more than 43m users enabled across Europe and 53% user CAGR since 2020.

And the momentum is only set to increase by an expected $330bn transaction value in the next five years, enabled by open banking.

But the opportunity goes beyond this:

Premium APIs are facilitating a widespread shift from open banking to open data economies. Additionally, financial products previously limited to just bank-owned channels can be integrated into third-parties.

So, what does this mean for banks? They can tap into this space and unlock significant value and commercialisation opportunities.

Find out how in our white paper.

Provided by Visa

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