Secure by Design

Built on security and transparency, open banking puts you in control every step of the way.

Consumer security

Join over 3 million users

More than 3 million people already use open banking services in the UK. Opt-in to a world of secure apps and services for more clarity and control over your finances – all built around secure transactions.

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Savings or investments. Budgeting or donating. Loans or payments. Open banking powers new ways to access a wide range of financial services – all built on secure systems from regulated providers.

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Bank level security

Apps and services are regulated

Opt-in only

Personalised services

Reasons you can trust
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control
You’re in control

It’s always your choice to give a regulated app or website permission to access your data.

It’s always your choice to give a regulated open banking app or service permission to access your data or make payments on your behalf.

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Revoke access at any time

Opt-in or Opt-out

Changed your mind? It’s just as easy to withdraw your consent so open banking apps and services can no longer access your data or make payments on your behalf.

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Secure and Safe

You never share security details

With open banking, you’re never asked to share your password or security details. It’s all done through secure APIs.

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FCA regulated

All services are regulated

Apps and services are regulated by the Financial Conduct Authority or a European National Competent Authority, meaning companies have to follow strict rules and stringent standards to keep your data secure.

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Discover open banking services

Discover who can offer services using Open Banking

Every open banking service and app is listed in our directory of providers, so you can use them with confidence.

Built on existing secure systems

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It’s linked to your bank

Access open banking services in the same way as your online banking and other online services and apps. New ways to manage your money, with reliable security and counter-fraud controls.

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api well established

APIs are well-established

APIs are commonly used to share information between services. Logging in to a website via Facebook? That’s done via APIs. Uber pinpointing location on a map? That’s Google Maps’ API at work.

api well established
less-data

Less data. More security.

Forget handing over reams of sensitive financial information to apply for accounts. With open banking, you share minimal data necessary for the service through a secure digital process.

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FAQs

Some commonly asked open banking related security questions

How do I know open banking is safe? 

Open banking has been designed with security at its heart – here’s how:

Bank-level security – open banking uses rigorously tested software and security systems. You’ll never be asked to give access to your bank login details, PINs or passwords to anyone other than your own bank or building society.

It’s regulated – only apps and websites regulated by the FCA or a European National Competent Authority can enrol in the Open Banking Directory.

You’re in charge – you choose when, with whom, and for how long you give access to your data.

Extra protection – your bank or building society should pay your money back if a payment is made which is unauthorised. You’re also protected by data protection laws and the Financial Ombudsman Service.

How can I stay safe online?

Open banking uses secure technology. Here are a few more steps you can take to stay extra safe online:

Check if it’s regulated – see if the app or website is listed on our regulated providers page, check the FCA register, or a European National Competent Authority.

Read the small print – always read the terms and conditions before you agree to give a regulated app or website access to your data.

Check your bank account – if you see something that doesn’t look right, contact your bank or building society straight away.

Find out more – the FCA website has tips on protecting yourself online, as do the Take 5 Campaign and Action Fraud website.

How do I control who has access to my information? 

You choose which regulated apps and websites you want to use – so you’re always in charge. You decide what information they can access, and for how long. No one gets access unless you say so.