Company Information

Get to know Open Banking

Open Banking Limited, which succeeded the Open Banking Implementation Entity (OBIE) in 2023, was established by the UK's Competition and Markets Authority (CMA) in 2016. Its primary mission is to increase competition and foster innovation within the UK's financial services sector. The company develops and manages the Application Programming Interface (API) specifications and security standards that allow customers to securely share their financial data with authorized third-party providers. This framework enables the development of new financial products and services, giving consumers and small businesses greater control over their financial information and access to a wider range of tailored applications.

Industry

Financial Other ServicePRIMARY
Financial Banking

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Open Banking

United Kingdom

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.