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It is more than half a year since the UK’s Open Banking experiment began, and yet, on the surface, very little has changed in the retail banking landscape. In fact, if you were to bring up the topic at a dinner party, you would mostly likely be met with blank stares or apathy.

However, atop the glass towers of the country’s largest banks and within the Shoreditch offices of FinTechs, executives are discussing Open Banking as a hugely important strategic issue due to its power potentially to both disrupt and create new opportunity.

By conducting interviews with executives and Open Banking leads at the country’s most influential financial services organisations and FinTechs, combined with a survey of over 1,000 retail and SME customers, we have distilled the key insights in the Open Banking space.

In our report we cover why Open Banking matters and how the banking landscape may change going forward. We also size the market for potential revenue opportunities, and outline how firms could respond to capitalise on the opportunity and address the disruptive threat head on.

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