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Open Banking publishes March 2023 Impact Report

Published on: 31 March 2023

Published by LNB News

LNB News 31/03/2023

Document Information

Issue Date: 31 March 2023

Published Date: 31 March 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Open Banking Limited (OBL) has published its latest Open Banking Impact Report. There are around 750,000 small to medium-sized enterprises (SMEs) using open banking products, with adoption by businesses (16%) higher than consumers (11%). The latest data shows the gap between the two is widening and is largely down to more small businesses using cloud accounting software that uses open banking to import transaction data.

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