"I think open banking has made a solid but unspectacular start. I’m mindful that ‘not everything that counts can be counted, and not everything that can be counted counts.’ The stats cloud the excellent apps that have been created like Moneyhub, Yolt, Moneyinfo etc. that are giving people greater control over their financial life and offering excellent analysis and nudge features to guide them toward a better outcome. HSBC, the largest bank in Europe launching Connected Money, suggests it views open banking as here to stay and part of the future."
Jonathan Warren at Altus 22nd March 2019
Co-incidentally Greg Dickens Writer at The Startup compared APIs :-
Business Insider ranked the Top 50 banks in Europe. Here are their APIs.…if they have them yet!
Check them out.
hat view seems to be reflected in what appears to have been a slow start. To mark the anniversary, the Open Banking Implementation Entity (OBIE) reported that there are 100 providers with 17 third party providers live with clients. Notably, this is just below double the stats reported in July, suggesting early pace and enthusiasm from pioneers keen to exploit the open banking opportunity has slowed.
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