This statistic presents the likelihood of consumers allowing their retail banks to share the current account balance data with third party organizations in the United Kingdom (UK) in 2015. Nearly two thirds of respondents, 63 percent, stated that they were unlikely to share this type of information.

This statistic shows the likelihood of consumers allowing their bank to share credit score data data with third party organizations in the United Kingdom (UK) in 2015. Nearly two fifths of respondents, 39 percent, were likely to do so.

The Open Banking market is experiencing explosive growth, projected to reach $20 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) exceeding 15% through 2033. This surge is driven by several key factors. Firstly, increasing consumer demand for personalized financial services and seamless data sharing fuels the adoption of innovative financial applications built upon open banking APIs. Secondly, regulatory initiatives globally are mandating or incentivizing open banking, fostering a competitive landscape and driving innovation. The rise of embedded finance, where financial services are integrated directly into non-financial applications, further accelerates market expansion. Furthermore, the proliferation of digital currencies and the growing popularity of mobile banking apps are creating significant opportunities for open banking solutions. The market segmentation reveals a multi-faceted approach. Banking services encompass core banking, payments, digital currencies, and value-added services. Distribution channels include bank branches, app stores, distributors, and aggregators. Deployment models offer flexibility with on-premises, cloud, and hybrid options. Key players like Plaid, Yodlee, Tink, and Finastra are leading the charge, constantly developing sophisticated solutions. The geographic distribution showcases a diverse landscape with North America (particularly the US) and Europe (especially the UK and Germany) currently holding the largest market share. However, rapid growth is expected in the Asia-Pacific region, driven by increasing digital adoption and burgeoning fintech ecosystems. While data security concerns and regulatory complexities pose challenges, the overall trajectory indicates a continued upward trend. The market’s growth will be significantly influenced by the pace of regulatory changes, technological advancements, and the evolving consumer preferences for greater control and transparency over their financial data. The successful players will be those who can effectively address security concerns, provide robust and scalable solutions, and navigate the complex regulatory landscape. This comprehensive report provides a detailed analysis of the global Open Banking market, covering the period from 2019 to 2033. With a focus on key market trends, growth drivers, and challenges, this study offers invaluable insights for businesses, investors, and policymakers navigating this rapidly evolving landscape. The report utilizes data from the historical period (2019-2024), with the base year being 2025 and forecast period extending to 2033. The estimated market value for 2025 is projected in the millions. Recent developments include: In October 2023: Salt Edge, a distinguished FinTech company, partnered with SeaPay Forge, a prominent Omni-Channel Payment Solutions provider, boosting open banking for Saudi Arabian businesses., In June 2023: Plaid made a new collaboration network to give fintech a way to share fraud intelligence. Plaid launched Beacon with ten founding members. The major members include Tally, Credit Genie, Veridian Credit Union, and Promise Finance.. Key drivers for this market are: Increased Demand for Personalized and Convenient Financial Services. Potential restraints include: Increased Demand for Personalized and Convenient Financial Services. Notable trends are: Open Bank Users Growth is Propelling in Asia-Pacific.

This statistic shows which organizations or institutions consumers would contact first to resolve the issue of money loss due to the open data bank policy in the United Kingdom (UK) in 2015. Over a half of respondents, 56 percent, stated that they would first contact the bank itself. Further 22 percent would contact the third party institution involved.

The Open Banking Market size was valued at USD 31.61 billion in 2023 and is projected to reach USD 172.19 billion by 2032, exhibiting a CAGR of 27.4 % during the forecasts period. Open Banking is a system where banks and financial institutions share customer data securely with third-party providers through APIs (Application Programming Interfaces). This sharing allows third parties to develop new financial products and services that benefit consumers. Key features of Open Banking include transparency in data sharing practices, consent-driven access to financial information, and enhanced competition in the financial services market. Customers can choose to share their banking data with trusted third parties, such as budgeting apps or loan providers, to receive personalized financial advice or access to better deals. Advantages of Open Banking include increased convenience through seamless integration of financial services, potential for lower costs and improved efficiency in transactions, and innovation in product offerings that better meet customer needs. Recent developments include: In September 2023, Saxo Bank announced its partnership with Mastercard to integrate open banking payments into Saxo Bank’s investment platforms. Saxo Bank customers can seamlessly transfer money into their investment accounts without having to log in to a separate bank account to transfer funds into their investment accounts. , In September 2023, BNY Mellon announced the launch of its open banking payments solution, Bankify. The solution aims to assist organizations in receiving payments from consumer’s bank accounts and offers them guaranteed funds for business receivables. , In March 2023, Payer Financial Services AB (publ), a developer of a business-to-business payment platform, introduced B2B open banking payments in Sweden. The company, via open banking APIs, assisted businesses in capturing payments with complete reconciliation and settlement, providing merchants with complete visibility of the payment status in real time. .

Open Banking Systems Market Outlook

According to our latest research, the global Open Banking Systems market size reached USD 28.5 billion in 2024, reflecting the rapidly growing adoption of open banking frameworks worldwide. The market is expected to expand at a robust CAGR of 24.7% during the forecast period from 2025 to 2033, reaching a projected value of USD 217.1 billion by 2033. This substantial growth is primarily driven by regulatory mandates, increased demand for digital financial services, and the proliferation of APIs that enable secure data sharing between banks and third-party providers. As per our comprehensive analysis, the open banking ecosystem is poised to revolutionize the financial services industry by fostering innovation, improving customer experiences, and creating new revenue streams for traditional and non-traditional players alike.

A key growth factor fueling the Open Banking Systems market is the global regulatory push for greater transparency and competition in the financial sector. Regulatory frameworks such as PSD2 in Europe, the Consumer Data Right (CDR) in Australia, and similar initiatives in other regions have mandated banks to open their data to licensed third-party providers. This regulatory impetus is dismantling data silos and encouraging the development of innovative financial products and services. As a result, banks and fintech companies are increasingly investing in robust open banking platforms to comply with these mandates and stay competitive. The ongoing evolution of regulatory requirements is expected to further accelerate market growth, as financial institutions seek to leverage open APIs to enhance their service offerings and customer engagement.

Another significant driver of the open banking systems market is the rapid digitalization of banking services and shifting consumer expectations. Modern consumers demand seamless, personalized, and real-time financial experiences, which traditional banking systems often struggle to deliver. Open banking frameworks enable financial institutions to collaborate with fintechs and third-party providers, facilitating the creation of value-added services such as budgeting tools, payment initiation services, and account aggregation. This collaborative ecosystem not only improves customer satisfaction but also opens up new monetization opportunities for banks and non-bank entities. The integration of artificial intelligence and machine learning into open banking platforms is further enhancing the ability to deliver tailored financial solutions, thereby driving adoption across various market segments.

The proliferation of Application Programming Interfaces (APIs) and advancements in data security technologies are also pivotal in driving the Open Banking Systems market. APIs act as the backbone of open banking, enabling secure, standardized, and efficient data exchange between banks and third-party providers. Enhanced security protocols, such as OAuth and OpenID Connect, have addressed many concerns around data privacy and fraud, instilling greater confidence among consumers and institutions alike. Furthermore, the increasing adoption of cloud-based open banking solutions is providing scalability, flexibility, and cost-efficiency, making it easier for financial institutions of all sizes to participate in the open banking ecosystem. These technological advancements are expected to continue propelling market growth throughout the forecast period.

From a regional perspective, Europe currently leads the global open banking systems market, driven by early regulatory adoption and a mature fintech ecosystem. However, significant growth is also being observed in Asia Pacific and North America, where digital transformation initiatives and rising fintech investments are gaining momentum. The Asia Pacific region, in particular, is experiencing rapid adoption of open banking frameworks due to a large unbanked population, government-led financial inclusion programs, and the emergence of digital-native financial service providers. North America is witnessing increased collaboration between traditional banks and fintechs, spurred by consumer demand for innovative financial products and an evolving regulatory landscape. As open banking gains traction globally, regional dynamics will continue to shape the competitive landscape and growth trajectory of the market.

The Open Banking market is experiencing explosive growth, projected to reach a market size of $20 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) exceeding 15% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing consumer demand for personalized financial services and enhanced control over their data is a significant factor. Furthermore, the rise of fintech innovations, including advanced analytics and AI-powered solutions within the banking sector, is creating new opportunities for open banking platforms. Regulatory mandates globally, pushing for greater data sharing and transparency, are also accelerating market adoption. The market's segmentation reveals a diverse landscape. Banking & Capital Markets represent a substantial portion of the services segment, followed by Payments and rapidly growing Digital Currency integration. Distribution channels are equally varied, encompassing traditional bank channels, the burgeoning app market, and increasingly influential aggregators and distributors. Cloud deployment models are gaining popularity due to their scalability and cost-effectiveness, yet on-premises and hybrid solutions remain relevant. Key players like Plaid, Yodlee, Tink, and Finastra are leading the charge, competing in a dynamic and rapidly evolving market. The geographical distribution shows strong growth across North America and Europe, with Asia-Pacific exhibiting significant potential for future expansion. The sustained growth trajectory of the Open Banking market is expected to continue into the next decade, driven by ongoing technological advancements and regulatory developments. The increasing sophistication of APIs and the development of robust security protocols will further bolster trust and adoption. Moreover, the integration of open banking with other technologies, such as blockchain and IoT, will open up new avenues for innovation and growth. The competitive landscape is likely to remain highly competitive, with existing players consolidating their market share and new entrants striving to gain a foothold. This competitive pressure will likely drive further innovation and create a more efficient and customer-centric financial ecosystem. The diverse regional growth patterns indicate that focused regional strategies will be critical for players seeking to capitalize on the market's significant potential. Recent developments include: In October 2023: Salt Edge, a distinguished FinTech company, partnered with SeaPay Forge, a prominent Omni-Channel Payment Solutions provider, boosting open banking for Saudi Arabian businesses., In June 2023: Plaid made a new collaboration network to give fintech a way to share fraud intelligence. Plaid launched Beacon with ten founding members. The major members include Tally, Credit Genie, Veridian Credit Union, and Promise Finance.. Key drivers for this market are: Increased Demand for Personalized and Convenient Financial Services. Potential restraints include: Increased Demand for Personalized and Convenient Financial Services. Notable trends are: Open Bank Users Growth is Propelling in Asia-Pacific.

This statistic presents the organization or institution that consumers would contact first to resolve the issue of identity theft in the context of open to third parties banking data in the United Kingdom (UK) in 2015. Over two fifths of respondents, 42 percent, reported that they would first contact the bank itself. Further 22 percent would first contact the third party involved.

Open Banking Platform Market Outlook

According to our latest research, the global open banking platform market size reached USD 16.2 billion in 2024, driven by the accelerated digital transformation across the financial services sector. The market is experiencing robust expansion, registering a compound annual growth rate (CAGR) of 23.7% from 2025 to 2033. By 2033, the open banking platform market is forecasted to achieve a value of USD 127.6 billion. This remarkable growth is attributed to the increasing demand for seamless financial services, regulatory mandates encouraging data sharing, and the proliferation of innovative fintech solutions reshaping the landscape of banking and financial transactions.

One of the most significant growth factors propelling the open banking platform market is the regulatory push for data transparency and interoperability within the financial ecosystem. Legislation such as the European Union’s Revised Payment Services Directive (PSD2) and similar frameworks in other regions have compelled traditional banks to open their APIs to third-party providers. This regulatory landscape not only fosters competition but also promotes innovation by enabling fintechs and other non-bank entities to offer personalized financial products and services. The resulting ecosystem is more dynamic, with consumers gaining greater control over their financial data and access to a broader range of services, further fueling market adoption.

Another pivotal factor driving the open banking platform market is the rapid advancement in digital technologies, particularly the widespread adoption of cloud computing, artificial intelligence, and advanced analytics. These technologies empower banks and fintechs to develop and deploy robust, scalable, and secure open banking solutions. The integration of cloud-based platforms facilitates real-time data sharing and processing, while AI-driven analytics enable personalized customer experiences and enhanced fraud detection capabilities. The synergy between regulatory compliance and technological innovation is creating a fertile ground for open banking platforms to thrive, as financial institutions seek to differentiate themselves in an increasingly competitive market.

Furthermore, changing consumer expectations regarding banking and financial services are accelerating the adoption of open banking platforms. Today’s customers demand seamless, omnichannel experiences, instant access to financial data, and tailored product offerings. Open banking platforms enable financial institutions to meet these expectations by providing secure, API-driven connectivity with third-party providers, facilitating the creation of integrated financial ecosystems. This trend is particularly pronounced among younger, tech-savvy demographics who are more willing to embrace digital-first banking solutions. As a result, open banking is becoming a strategic imperative for banks and fintechs aiming to retain and attract new customers.

From a regional perspective, Europe has emerged as the frontrunner in the open banking platform market, primarily due to its early adoption of regulatory frameworks like PSD2 and a mature digital infrastructure. North America follows closely, with increasing investments from major banks and fintechs, while Asia Pacific is witnessing rapid growth fueled by a burgeoning fintech landscape and supportive government initiatives. Latin America and the Middle East & Africa are also showing promising potential, albeit at a nascent stage, as regulatory reforms and digital transformation initiatives gain momentum. The global open banking platform market is thus characterized by a dynamic interplay of regulatory, technological, and consumer-driven factors that are shaping its evolution across regions.

Component Analysis

The open banking platform market by component is segmented into solutions and services, each playing a critical role in the overall ecosystem. Solutions encompass the core software platforms, APIs, and middleware that enable

The Banking Enterprise Application Integration (EAI) market is experiencing robust growth, driven by the increasing need for seamless data exchange and improved operational efficiency within financial institutions. The market, currently valued at approximately $8 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This expansion is fueled by several key factors, including the rising adoption of cloud-based solutions, the surge in digital transformation initiatives within the banking sector, and the growing demand for enhanced customer experience through integrated services. Furthermore, regulatory compliance mandates and the need to manage increasingly complex financial data are pushing banks to adopt sophisticated EAI solutions. Major players like Tibco, SunGard, WebMethods, SeeBeyond, IBM, Microsoft, and Oracle are actively competing in this space, offering a diverse range of solutions tailored to specific banking needs. The market segmentation is likely diverse, encompassing on-premise, cloud-based, and hybrid deployment models, catering to different bank sizes and technological capabilities. The future growth of the Banking EAI Application market hinges on several factors. Continued advancements in technology, particularly in areas like artificial intelligence (AI) and machine learning (ML), will lead to more intelligent and efficient integration solutions. The increasing adoption of open banking APIs will further drive market expansion by enabling seamless data sharing between banks and third-party providers. However, challenges remain, including the complexities of integrating legacy systems, the need for robust data security measures to safeguard sensitive financial information, and the high initial investment costs associated with implementing EAI solutions. Despite these hurdles, the long-term outlook for the Banking EAI Application market remains positive, with significant growth potential driven by the ongoing digital transformation of the banking industry.

This statistic illustrates banking customer responses to certain potential types of data monitoring and their associated benefits in the United Kingdom (UK) as of 2015. It can be seen that 43 percent of respondents stated that their bank analysing their account data to predict future financial needs was helpful and impressive. However, the bank analysing the future holiday plans via social media activity and offering a good rate on travel expenses was found to be creepy, by 79 percent of respondents..

Code and pseudo data for "Bank Bonus Pay as a Risk Sharing Contract". Forthcoming in The Review of Financial Studies.

Brazil Bank of America Merrill Lynch: Income Statement: Profit Sharing data was reported at 0.000 BRL th in Mar 2019. This stayed constant from the previous number of 0.000 BRL th for Dec 2018. Brazil Bank of America Merrill Lynch: Income Statement: Profit Sharing data is updated quarterly, averaging 0.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of 0.000 BRL th in Mar 2019 and a record low of 0.000 BRL th in Mar 2019. Brazil Bank of America Merrill Lynch: Income Statement: Profit Sharing data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Banking Sector – Table BR.KBB099: Commercial Banks: Income Statement: Bank of America Merril Lynch.

The global internet banking market is experiencing robust growth, driven by the increasing adoption of digital technologies and the rising demand for convenient and accessible financial services. The market, estimated at $500 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching an impressive $1.5 trillion by 2033. This expansion is fueled by several key factors: the proliferation of smartphones and high-speed internet access, particularly in emerging markets; the growing preference for self-service banking options; and the continuous innovation in online banking platforms, incorporating features like personal financial assistants, mobile payment solutions, and enhanced security measures. The segment catering to personal banking dominates the market share currently, but the corporate banking segment is witnessing significant growth fueled by the need for efficient treasury management and streamlined financial processes. Geographic expansion is also a significant driver, with Asia-Pacific and North America expected to lead the market due to higher internet penetration and a technologically savvy population. However, challenges remain, including cybersecurity risks, regulatory compliance complexities, and the need to address the digital divide and financial literacy among certain populations. Despite these challenges, the future of internet banking remains promising. Key trends shaping the landscape include the integration of artificial intelligence (AI) and machine learning (ML) for personalized financial advice and fraud detection; the increasing adoption of open banking APIs, enabling seamless data sharing and personalized financial solutions; and the growing popularity of blockchain technology for secure and transparent transactions. Competition is intense, with established players like ANZ, HSBC, and Kiwibank vying for market share alongside fintech startups offering innovative banking solutions. The continued focus on enhancing customer experience, improving security features, and adapting to evolving technological advancements will be crucial for success in this dynamic and competitive market. Strategic partnerships and acquisitions will likely play a key role in consolidating the market and driving further innovation.

The FR 3036 survey consists of a Turnover section and a section on Derivatives Outstandings. The Turnover section requests information on the monthly volume of transactions (turnover) in the foreign exchange cash market, the foreign exchange derivatives market, and the interest rate derivatives markets. The Derivatives Outstandings section requests data on outstanding contracts in the derivatives markets for foreign exchange, interest rates, equities, and commodities.

The Bank Statement Analyzer API market is experiencing robust growth, driven by the increasing need for automated financial data processing and enhanced risk management within financial institutions and accounting firms. The market's expansion is fueled by several key factors. Firstly, the rising adoption of digital banking and the consequent surge in electronic transactions necessitate efficient and accurate analysis of bank statements. Secondly, regulatory compliance requirements, particularly those related to anti-money laundering (AML) and know your customer (KYC) regulations, are pushing businesses to leverage automated solutions like Bank Statement Analyzer APIs for improved due diligence. Thirdly, the APIs offer significant cost savings and increased efficiency compared to manual processes, making them attractive to businesses of all sizes. The market is segmented by application (financial institutions, accounting firms, and others) and type (transaction categorization API, fraud detection API, and others), with financial institutions currently representing the largest segment due to their high transaction volumes and regulatory scrutiny. While data security concerns and integration complexities pose some challenges, the market's overall growth trajectory remains positive, indicating substantial opportunities for API providers in the coming years. Geographic distribution sees North America and Europe currently leading, but rapid growth is expected in Asia Pacific, driven by the region's burgeoning fintech sector. The competitive landscape is characterized by a mix of established fintech companies and emerging players. Companies such as Idfy, Arya, Signzy, and Ocrolus are actively competing for market share through innovative features, robust security measures, and strategic partnerships. The competitive intensity is likely to increase as the market matures, placing a premium on superior accuracy, speed, and scalability of the APIs. Future growth will depend on continued technological advancements, specifically AI and machine learning-driven improvements in data analysis and fraud detection capabilities. Moreover, the market’s expansion will be heavily influenced by the evolving regulatory landscape and the increasing adoption of open banking initiatives, which facilitate seamless data exchange between financial institutions and third-party providers. As open banking matures and APIs become more sophisticated, we can expect further acceleration in market growth.

Brazil Banking: Consolidated II: Profit Sharing data was reported at -21,920.000 BRL th in Mar 2019. This records an increase from the previous number of -40,078.000 BRL th for Dec 2018. Brazil Banking: Consolidated II: Profit Sharing data is updated quarterly, averaging -6,374.000 BRL th from Mar 2000 (Median) to Mar 2019, with 77 observations. The data reached an all-time high of -405.000 BRL th in Sep 2003 and a record low of -40,078.000 BRL th in Dec 2018. Brazil Banking: Consolidated II: Profit Sharing data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Banking Sector – Table BR.KBB010: Financial Institutions: Income Statement: Banking: Consolidated II.

Market Overview The global sharing power bank station market is projected to reach a market size of XXX million USD by 2033, exhibiting a CAGR of XX% during the forecast period from 2023 to 2033. The growth of the market is attributed to the increasing adoption of smartphones and portable electronic devices, coupled with the growing trend of mobile payments. The convenience of renting power banks in public places, such as dining rooms, shopping malls, and train stations, has further fueled market demand. Key industry players include Naki Power, Chargefon, Plugo, BUDDY, and ICharge point. Market Drivers and Trends The market is primarily driven by the rising penetration of mobile devices and the increasing need for reliable and accessible power sources. The growing popularity of sharing economy models has also contributed to the adoption of shared power bank stations. Furthermore, advancements in battery technology and the development of wireless charging capabilities are expected to accelerate market growth in the coming years. However, concerns related to battery safety, data privacy, and vandalism pose challenges for market participants.

Abstract

The Country Opinion Survey in Chad assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Chad perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Chad on 1) their views regarding the general environment in Chad; 2) their overall attitudes toward the WBG in Chad; 3) overall impressions of the WBG’s effectiveness and results, knowledge work and activities, and communication and information sharing in Chad; and 4) their perceptions of the WBG’s future role in Chad.

Geographic coverage

• Chari Baguirmi
• Mayo-Kebbi Est ou Ouest
• Mandoul
• Hadjar Lamis
• Logone Oriental
• Logone Occidental
• Ouaddai
• Tandjilé
• Moyen Chari
• Salamat
• N’Djamena

Analysis unit

Stakeholder

Universe

Opinion leaders from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society.

Kind of data

Sample survey data [ssd]

Sampling procedure

From December 2020 to February 2021, 415 stakeholders of the WBG in Chad were invited to provide their opinions on the WBG’s work in the country by participating in a Country Opinion Survey. Participants were drawn from the Office of the President, Prime Minister; office of a minister; office of a parliamentarian; ministries/ministerial departments/implementation agencies; Project Management Units (PMUs) overseeing implementation of WBG projects; consultants/contractors working on WBG-supported projects/programs; local governments; independent government institutions; the judicial system; state-owned enterprises; bilateral and multilateral agencies; private sector organizations; the financial sector/private banks; private foundations; NGOs and community based organizations; trade unions; faith-based groups; youth groups; academia/research institutes/think tanks; the media; and other organizations.

Mode of data collection

Other [oth]

Research instrument

The questionnaire used to collect the survey data consisted of the following 8 sections: A. Overall Context B. Overall Attitudes toward the World Bank Group C. World Bank Group’s Work and Engagement on the Ground D. World Bank Group’s Support in Development Areas E. World Bank Group’s Knowledge Work and Activities F. The Future Role of the World Bank Group in Chad G. Communication and Information Sharing H. Background Information

The questionnaire was prepared in English and French.

Response rate

Response rate was 82%.