Open Banking Limited (OBL) marked the eighth anniversary of open banking in the UK and set out a roadmap for the next phase, shifting the focus from demonstrating the model to scaling its impact and reusing the underlying approach more widely. OBL reported more than 16.5 million live user connections across the UK, with open banking payments reaching almost 33 million in November 2025 and an ecosystem of 145 authorised third-party providers. OBL said open banking-enabled solutions have contributed over GBP 4 billion to the UK economy and created nearly 5,000 skilled digital jobs since the January 2018 launch. It highlighted its role in building and maintaining the UK Open Banking Standard and convening banks, fintechs and regulators, including enabling industry-led initiatives such as commercial Variable Recurring Payments; it also referenced the Financial Conduct Authority’s recent letter to the Prime Minister identifying open banking as a growth initiative, particularly for unlocking new SME lending use cases. OBL positioned open banking infrastructure and standards as a foundation for Open Finance and the UK’s wider Smart Data agenda, with potential applications extending into sectors such as pensions, investments, insurance, energy, telecoms and housing.

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