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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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 June 01, 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 June 01, 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: June 01, 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 June 01, 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/