2020 was a transformational year for open banking and for the Open Banking Implementation Entity (OBIE).

Open banking, and the Open Banking Implementation Entity, have come a long way since the Competition and Markets Authority’s retail banking market investigation in 2016.

This report explains who we are and why our role matters; it summarises our work across 2020 and 2021, and it provides an overview of open banking-enabled products and services. We highlight the day-to-day activities at the OBIE, as well as an overview into our governance and financials.

We’ve come a long way in the last three years.

  • Curating a vibrant ecosystem of banks and fintechs
  • Facilitating the use of a common set of standards
  • Enabling API volumes to grow and adoption to build

Open banking – the future of money, where you’re in control.