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).
Distribution of open banking users in the United Kingdom in January 2022
Characteristic
Share of open banking users
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AltFi. (March 29, 2022). Distribution of open banking users in the United Kingdom in January 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/
AltFi. "Distribution of open banking users in the United Kingdom in January 2022." Chart. March 29, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/
AltFi. (2022). Distribution of open banking users in the United Kingdom in January 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/
AltFi. "Distribution of Open Banking Users in The United Kingdom in January 2022." Statista, Statista Inc., 29 Mar 2022, https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/
AltFi, Distribution of open banking users in the United Kingdom in January 2022 Statista, https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/ (last visited July 22, 2024)
Distribution of open banking users in the United Kingdom in January 2022 [Graph], AltFi, March 29, 2022. [Online]. Available: https://www.statista.com/statistics/1314428/uk-distribution-of-open-banking-users/