Distribution of open banking users in the United Kingdom 2022
As of January 2022, 86 percent of the active open banking users in the United Kingdom were consumers. The remaining 14 percent of the total number of open banking users were small businesses. Open banking allows third-party financial services providers to access consumer banking, transaction, and other financial data from banks and non-bank financial institutions. Open banking provides this data through the use of application programming interfaces (APIs).
