Open Banking Delivery

Open Banking Limited (OBL) is the successor to the Open Banking Implementation Entity (OBIE). It was established by the UK's Competition and Markets Authority (CMA) to implement open banking, a set of reforms designed to increase competition and innovation in retail banking. The company's core mission is to develop and maintain the API specifications and security standards that enable consumers and small businesses to securely share their financial data with trusted third parties. This framework empowers the development of new financial apps and services, giving users more control over their financial information and access to better products.