Article: Open Banking – Progress in Past and Future

Money, Open Governance

Open Banking – Progress in Past and Future

The COVID-19 pandemic affected performance in most sectors in 2020, but crucially it did not hinder innovation in financial services. Indeed, many providers have invested to gain a competitive edge in the post-COVID world, making the sector a rare example of progress in 2020.

Open banking already had impressive momentum before the pandemic, doubling the number of users in the UK to reach one million in the preceding six months – but since then it has flourished and now exceeds the three million mark.

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