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Global Open Banking Market: Europe's Leadership and Asia Pacific's Fastest Growth Highlight Regional Dynamics

globenewswire.com
V Visa is mentioned as having acquired Tink, a company operating in the open banking market. The article does not provide specific sentiment towards Visa itself, but its acquisition indicates strategic interest in the open banking space. MA Mastercard is mentioned as having acquired Finicity, a company involved in the open banking sector. This acquisition suggests Mastercard's strategic involvement and interest in the growing open banking market.

Global Open Banking Market: Europe's Leadership and Asia Pacific's Fastest Growth Highlight Regional Dynamics Dublin, July 01, 2026 (GLOBE NEWSWIRE) -- The "Open Banking Market" has been added to ResearchAndMarkets.com's offering.

The Global Open Banking Market is rapidly evolving as a significant segment within the financial technology realm, propelled by regulatory mandates, API standardization, and increased fintech investment. Open banking allows third-party providers to access consumer banking data via secure APIs, reshaping the financial services value chain by breaking down data silos, facilitating seamless payments, and driving a new wave of embedded finance products. The market, valued around USD 28.7 billion in 2024, is projected to soar to approximately USD 114.9 billion by 2031, expanding at a CAGR of ~22.26%. This growth is backed by regulations such as PSD2 in Europe, the U.S. CFPB Section 1033, Australia's Consumer Data Right, and India's Account Aggregator framework. Additionally, rapid cloud adoption, proliferation of real-time payment systems, and the enterprise shift towards Banking-as-a-Service and embedded finance platforms further fuel this expansion.

Drivers:

Challenges:

What This Report Covers:

Key Highlights:

Key Topics Covered:

1. Introduction

1.1. Key Take Aways

1.2. Report Description

1.3. Markets Covered

1.4. Stakeholders

2. Research Methodology

2.1. Research Scope

2.2. Research Methodology

2.2.1. Market Research Process

2.2.2. Research Methodology

2.2.2.1. Secondary Research

2.2.2.2. Primary Research

2.2.2.3. Models for Estimation

2.3. Market Size Estimation

2.3.1. Bottom-Up Approach

2.3.2. Top-Down Approach

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Market Drivers

4.3. Restraints & Challenges

4.4. Market Opportunities

4.5. Technology & Innovation Analysis

5. Global Open Banking Market, By Services

5.1. Banking & Capital Markets

5.2. Payments

5.3. Digital Currencies

5.4. Value Added Services

6. Global Open Banking Market, By Deployment

6.1. On-Premise

6.2. Cloud

7. Global Open Banking Market, By Distribution Channel

7.1. Bank Channels

7.2. App Markets

7.3. Distributors

7.4. Aggregators

8. Global Open Banking Market, By End User

8.1. Banks & Financial Institutions

8.2. Individuals

8.3. Fintech Companies

8.4. E-Commerce Companies

8.5. Accounting Platforms

8.6. Credit & Lending Companies

8.7. Others

9. Global Open Banking Market, By Region

9.1. Key Points

9.2. North America

9.2.1. U.S.

9.2.2. Canada

9.2.3. Mexico

9.3. Europe

9.3.1. UK

9.3.2. Germany

9.3.3. France

9.3.4. Netherlands

9.3.5. Nordics (Sweden, Norway, Denmark)

9.3.6. France, Spain, Italy

9.4. Asia Pacific

9.4.1. China

9.4.2. Japan

9.4.3. India

9.4.4. Singapore

9.4.5. Australia

9.4.6. South Korea

9.5. MEA & LATAM

9.5.1. UAE (Dubai)

9.5.2. Brazil

10. Competitive Landscape

10.1. Introduction

10.2. Recent Developments

10.2.1. Mergers & Acquisitions

10.2.2. New Product Developments

10.2.3. Portfolio/Platform Expansions

10.2.4. Joint Ventures, Collaborations, Partnerships & Agreements

11. Company Profiles

11.1. Plaid (USA)

11.1.1. Company Overview

11.1.2. Product/Service Landscape

11.1.3. Financial Overview

11.1.4. Recent Developments

11.2. Tink (acquired by Visa)

11.2.1. Company Overview

11.2.2. Product/Service Landscape

11.2.3. Financial Overview

11.2.4. Recent Developments

11.3. Finicity (acquired by Mastercard)

11.3.1. Company Overview

11.3.2. Product/Service Landscape

11.3.3. Financial Overview

11.3.4. Recent Developments

11.4. Yodlee / Envestnet (USA)

11.4.1. Company Overview

11.4.2. Product/Service Landscape

11.4.3. Financial Overview

11.4.4. Recent Developments

11.5. Finastra (UK/Global)

11.5.1. Company Overview

11.5.2. Product/Service Landscape

11.5.3. Financial Overview

11.5.4. Recent Developments

11.6. TrueLayer (UK)

11.6.1. Company Overview

11.6.2. Product/Service Landscape

11.6.3. Financial Overview

11.6.4. Recent Developments

11.7. Trustly (Sweden)

11.7.1. Company Overview

11.7.2. Product/Service Landscape

11.7.3. Financial Overview

11.7.4. Recent Developments

11.8. GoCardless (UK)

11.8.1. Company Overview

11.8.2. Product/Service Landscape

11.8.3. Financial Overview

11.8.4. Recent Developments

11.9. MX Technologies (USA)

11.9.1. Company Overview

11.9.2. Product/Service Landscape

11.9.3. Financial Overview

11.9.4. Recent Developments

11.10. Salt Edge (Global)

11.10.1. Company Overview

11.10.2. Product/Service Landscape

11.10.3. Financial Overview

11.10.4. Recent Developments

12. Technology and Innovation Trends

12.1. Open API Architecture, PSD2/PSD3, and Next-Generation Banking Standards

12.2. AI and Machine Learning in Financial Data Analytics and Credit Decisioning

12.3. Embedded Finance, Banking-as-a-Service (BaaS), and Super-App Integration

12.4. Blockchain, Distributed Ledger Technology, and Digital Asset Infrastructure

12.5. Real-Time Payments Networks and Instant Settlement Infrastructure

13. Regulatory and Standards Framework

13.1. PSD2/PSD3 and the EU Open Finance Regulatory Framework

13.2. UK Open Banking Standards (OBIE) and the Consumer Duty Framework

13.3. US CFPB Section 1033 Rule and Open Banking Rulemaking

13.4. APAC Open Banking Frameworks: Australia CDR, Singapore MAS, India UPI/AA

13.5. Data Privacy, GDPR, CCPA, and Cross-Border Data Sharing Compliance

14. Macro-Economic Factors

14.1. Rising Fintech Investment and Venture Capital Deployment in Open Finance

14.2. Central Bank Digital Currency (CBDC) Development and Monetary Policy Implications

14.3. Interest Rate Environments and Their Impact on Open Banking Business Models

14.4. Financial Inclusion Agendas and Underbanked Population Access Initiatives

14.5. Macroeconomic Volatility, Cyber Risk, and Platform Resilience Pressures

15. Market Opportunities and Future Outlook

15.1. Open Finance Expansion Beyond Banking into Insurance, Investments, and Pensions

15.2. Embedded Finance and BaaS Platform Growth in Non-Financial Sectors

15.3. Real-Time Cross-Border Payment Infrastructure and FX Transparency

15.4. AI-Powered Personalised Financial Services and Predictive Lending

15.5. Strategic Recommendations for Market Participants

16. Challenges and Risk Analysis

16.1. Data Security, API Vulnerabilities, and Third-Party Risk Management

16.2. Consumer Trust, Consent Management, and Data Privacy Concerns

16.3. Regulatory Fragmentation and Cross-Jurisdictional Compliance Complexity

16.4. Incumbent Bank Resistance and Legacy Infrastructure Integration Barriers

16.5. Monetisation Model Uncertainty and API Ecosystem Sustainability

17. Conclusion and Strategic Insights

17.1. Key Market Takeaways

17.2. Growth Trajectory Overview

17.3. Investment Attractiveness Assessment

17.4. Long-Term Market Outlook

18. Appendix

18.1. Glossary of Terms

18.2. Abbreviations

18.3. Additional Data Tables

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/1uyzfk

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