In November 2023, the number of active open banking users in the United Kingdom reached the milestone of eight million users. Roughly two years before that, in January 2022, the number of open banking users stood at five million. Open banking allows third-party financial services providers to access consumer banking, transactions, and other financial data from banks and non-bank financial institutions. Open banking provides this data through the use of application programming interfaces (APIs).
Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023
(in millions)
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Number of users in millions
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AltFi, & Open Banking. (January 18, 2024). Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023 (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1314421/uk-open-banking-users/
AltFi, und Open Banking. "Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023 (in millions)." Chart. January 18, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1314421/uk-open-banking-users/
AltFi, Open Banking. (2024). Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023 (in millions). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1314421/uk-open-banking-users/
AltFi, and Open Banking. "Number of Open Banking Users in The United Kingdom (Uk) from November 2019 to November 2023 (in Millions)." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/1314421/uk-open-banking-users/
AltFi & Open Banking, Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023 (in millions) Statista, https://www.statista.com/statistics/1314421/uk-open-banking-users/ (last visited July 22, 2024)
Number of open banking users in the United Kingdom (UK) from November 2019 to November 2023 (in millions) [Graph], AltFi, & Open Banking, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/1314421/uk-open-banking-users/