Report

Financial Crime in Open Banking – 2025 Update

08 December 2025

Why Read the Full Report?

Explore how insights from OBL’s analysis inform industry understanding and best practice in secure digital payments.

This report is essential reading for anyone interested in fraud prevention, payment industry trends, and the evolving landscape of financial crime.

  • In-depth analysis of fraud typologies and trends
  • Comparative data with the wider payments industry
  • Insights from leading banks and payment providers
  • Recommendations for strengthening fraud controls and industry collaboration

Read on to explore the key findings and learn why open banking continues to set the standard for innovation and security.

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Financial Crime in Open Banking: 2025 Update

OBL’s December 2025 report reveals how the UK’s open banking ecosystem remains resilient against financial crime, even as fraud trends shift across the wider payments industry. Drawing on data from March 2024 to September 2025, and contributions from ASPSPs representing over 60% of open banking payments, the report offers a comprehensive view of the current landscape.

Key Insights

  • Fraud rates in open banking remain significantly lower than the industry average. In H1 2025, open banking-initiated payment fraud accounted for just 0.013% of transactions by volume, compared to 0.045% across the wider industry.
  • A downward trend in open banking fraud. Both the volume and value of open banking fraud have decreased year-on-year, while industry-wide fraud has increased. Recent months show a slight uptick, mirroring broader market trends.
  • Authorised Push Payment (APP) fraud is the primary challenge. APP fraud makes up 74% of open banking fraud cases, with higher average transaction values than the industry norm.
  • Adaptive strategies and collaboration are essential. The report highlights the importance of industry-wide data sharing and innovative tools like Transaction Risk Indicators (TRIs).
  • Emerging threats require ongoing attention. The use of AI by fraudsters, SIM-swap scams, and social engineering tactics are evolving rapidly.

Read the full report:

Stay informed. Stay secure. Explore the data and insights driving the future of open banking.

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