Unlocking the opportunities of open banking and beyond
The state of play, the direction of travel, and best practices from around the world
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
-
Microsoft Copilot bug saw AI snoop on confidential emails — after it was told not toNews The Copilot bug meant an AI summarizing tool accessed messages in the Sent and Draft folders, dodging policy rules
-
Cyber experts issue warning over new phishing kit that proxies real login pagesNews The Starkiller package offers monthly framework updates and documentation, meaning no technical ability is needed
-
‘AI is no longer about experiments. It is about results’: Boards are pushing for faster returns on AI investments, and tech leaders can't keep paceNews AI projects are now being held to the same standards as any other business investment
-
AI isn’t making work easier, it’s intensifying it – researchers say teams are now facing 'unsustainable' workloads, cognitive strain, and higher levels of burnoutNews While workers report productivity gains with AI, that means they’re faced with bigger workloads
-
Business leaders are using AI as a “license to reduce headcount” – new Morgan Stanley research lays bare the impact on UK workersNews Analysis of five sectors highlights an "early warning sign" of AI’s impact on jobs
-
Lloyds Banking Group wants to train every employee in AI by the end of this year – here's how it plans to do itNews The new AI Academy from Lloyds Banking Group looks to upskill staff, drive AI use, and improve customer service
-
CEOs are fed up with poor returns on investment from AI: Enterprises are struggling to even 'move beyond pilots' and 56% say the technology has delivered zero cost or revenue improvementsNews Most CEOs say they're struggling to turn AI investment into tangible returns and failing to move beyond exploratory projects
-
Companies continue to splash out on AI, despite disillusionment with the technologyNews Worldwide spending on AI will hit $2.5 trillion in 2026, according to Gartner, despite IT leaders wallowing in the "Trough of Disillusionment" – and spending will surge again next year.
-
MoD and Oracle forge closer ties as IT modernization acceleratesNews The UK’s defence ministry will move legacy systems to Oracle Cloud Infrastructure as part of the expanded agreement
-
A new study claims AI will destroy 10.4 million roles in the US by 2030, more than the number of jobs lost in the Great Recession – but analysts still insist there won’t be a ‘jobs apocalypse’News A frantic push to automate roles with AI could come back to haunt many enterprises, according to Forrester
