Open banking

Banking competition.

1. UK Open Banking project.

A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to:

• Increase competition and innovation in and around banking to improve outcomes for customers; and
• Thereby support the fintech industry in the UK.

2. Similar initiatives in other jurisdictions.

See also

• Application programming interface
• Blockchain
• Disruptor
• Fintech
• Open banking APIs
• PSD2
• Regtech