CASE STUDIES
Open banking in real life
Millions of UK businesses and consumers use open banking to pay for goods and services, or to share key financial information with trusted third parties to access personalised financial products that can help them spend, save and budget better.
Our case studies highlight the practical uses of this financial innovation in day-to-day life.
Explore our case studies library here
How open banking data is delivering fair, fast and affordable lending
Open banking data supports debt consolidation and cost-effective lending
Snoop budgeting app and savings account aim to help build better savings habits
Open banking unlocks affordable borrowing for employees
How OneID’s open banking-powered identity verification services help boost productivity for small businesses
Tembo and GoCardless harness open banking to help homebuyers
Simplify switching products and services with Smarter Contracts’ Pulse permissions protocol
Citizens Advice uses PayPoint and AperiData financial support tool to speed up debt assessments
Vodafone partners with Moneyhub to use open banking to assess customers for affordable mobile tariff
How Blackbullion uses open banking to speed up student funding and support financial education
Aid charity CAFOD adopts open banking to help secure a digital fundraising future
Ordo and Eviden’s FlexiPay solution offer consumers a flexible way to pay bills
Wonderful’s A2A platform offers cost-effective payment processing for small firms
The Open Property Data Association – streamlining the home-buying process
Fintellity offers two-part solution for gambling companies and customers
Our case studies talk about:
- how an alternative lender uses open banking data to offer affordable lending to people with invisible credit histories
- how an audit platform uses open banking to speed up key admin tasks for law firms, fund managers and accountants
- how an open banking-driven insights platform is helping credit unions assess and fund member loans faster
- how ‘pay by bank’ links in invoices can help businesses receive payments faster
- how open banking payments can provide frictionless and fast settlement for car sales
- open banking in the community (for PTAs and sports clubs)
- how the utilities sector is using open banking to switch customers to affordable tariffs and offer an alternative to pre-payment meters
- how charities and charity platforms (such as JustGiving) are seeing a boost in donations by offering open banking as a way to donate
- how HMRC’s pioneering use of open banking as a way to pay tax has increased efficiency and delivered cost savings.
Charities guide to growth through open banking
Our free ebook shows how open banking payment solutions can open the door to additional fundraising opportunities and cost savings, and sets out how this secure technology can help cut card processing fees and offer a slick donation journey for charities, social enterprises and third sector organisations.
Tell us your story
If you would like to share your organisation’s experience of open banking, please email us at press@openbanking.org.uk.
If you would like to talk to one of our team about how open banking could help your business, please email us at enquiries@openbanking.org.uk.
