Unlocking the EverydaY:
The Value, Growth and Opportunity of Open Banking in the UK

New independent economic analysis commissioned by Open Banking Limited (OBL) and with analysis completed by EY provides, for the first time, a quantified view of the value open banking is delivering for consumers, businesses and the wider economy.  This analysis offers an evidence‑based understanding of how open banking is shaping everyday financial activity and where further opportunities may develop in the years ahead

Unlocking the Everyday:

Open banking is now part of everyday financial life in the UK. More than 17.5 million active connections and rapidly rising open banking payment volumes show clear momentum across consumers, small businesses and service providers. Yet until now, there hasn’t been a single, quantified view that brings this progress together and estimates its potential over the next 5 years.

This report is freely available to download.

Read the analysis

The Value, Growth and Opportunity of Open Banking in the UK

Our new analysis, ‘Unlocking the Everyday: The Value, Growth and Opportunity of Open Banking in the UK’, provides the most comprehensive assessment to date of:

  • How open banking is already delivering measurable value for people and businesses
  • Areas where further growth, innovation and productivity gains are emerging
  • The projected scale of future opportunity across payments, financial management and new data‑driven services
  • Practical, real‑world use cases helping to improve outcomes, such as managing recurring payments more effectively and enabling smoother payment journeys

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