One in five UK consumers and businesses use Open Banking
Open Banking has gained significant traction, with one in five UK consumers and businesses actively using the technology.
This growth is reflected in the increasing number of payments made through Open Banking every month.
Businesses are now focusing on getting the most out of Open Banking, with 42% citing improved security and fraud prevention as a key benefit.
As the market matures, organisations are becoming more selective in choosing a provider, considering factors such as trust and long-term stability.