Open Banking Implementation Entity - News, Articles & Research

UK sees record month for open banking payments

Brits made 11.4 million open banking payments in July, a nine percent rise on the previous month.

31 August 2023

IFGS 2023: OBIE responds to JROC open banking roadmap

Exploring the data driven future of fintech at Innovate Finance Global Summit, panellists covered new developments across open banking, open finance, and digital identity.

19 April 2023

News/retail

UK small businesses embrace open banking

UK businesses are adopting open banking products at a higher rate than consumers, with accounting software driving take-up, data from Open Banking Limited (OBL) shows.

30 March 2023

News/retail

UK open banking users swell to seven million

The number of consumers and SMEs actively using open banking powered services in the UK has reached seven million for the first time.

21 February 2023

News/people

Crosswell hands in Open Banking report

As she signs off as trustee of the Open Banking Implementation Entity, Charlotte Crosswell has hit out at the lack of long-term vision to move beyond the current environment to a "Smart Data" economy.

01 February 2023

News/people

Marion King takes over chair at Open Banking Implementation Entity

The former president of Mastercard UK and ireland, Marion King, has been appointed to suceed Charlotte Crosswell as chair and trustee of the Open Banking Implementation Entity.

24 January 2023

News/retail

UK updates on new Open Banking entity

UK authorities have published an update on plans for a successor to the Open Banking Implementation Entity (OBIE).

19 December 2022

News/people

CMA begins search for new chair of Open Banking entity as Crosswell steps down

Charlotte Crosswell is to step down from her role as chair and trustee of the UK's Open Banking Implementation Entity, kickstarting a reruitment process for a fresh face at the helm as the organisation transitions to a new entity, Open Banking Limited.

08 November 2022

Company announcement/retail

OBIE publishes latest open banking specification

The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the Open Banking Standard version 3.1.10, which is the final release under the CMA’s revised roadmap.

04 April 2022

Company announcement/people

Open Banking Implementation Entity (OBIE) appoints Theresa Casey as new general counsel

The Open Banking Implementation Entity (OBIE) has today announced the appointment of Theresa Casey as General Counsel to strengthen the senior leadership team.

17 March 2022

News/regulation

CMA clarifies definition of VRPs for Sweeping

The UK's Competition and Markets Authority has move to clarify what Sweeping can and cannot be used for when it is introduced later this year.

15 March 2022

Company announcement/regulation

FCA to minimise disruption from changes to SCA rules with six-month grace period

FCA updated its guidance on Strong Customer Authentication (SCA) to support the transition requirement of the UK- RTS Article 10A exemption including reconfirmation of consent by AISPs (pursuant to Article 36(6)).

07 March 2022

News/payments

Open banking passes five million user milestone

There are now more than five million active users of open banking services in the UK, five hundred thousand up on January's headline total, with tax payments driving the growth in numbers.

17 February 2022

Company announcement/people

OBIE appoints Henk Van Hulle as CEO

The Open Banking Implementation Entity (OBIE) has announced the appointment of Henk Van Hulle as the organisation’s first Chief Executive Officer. The creation of this new position was recognised in the CMA’s recently published updated governance arrangements for OBIE, as part of a package of changes that deliver a strong and effective governance and management framework for the OBIE.

03 February 2022

News/retail

OBIE celebrates 4.5 million users on open banking anniversary

Marking the fourth anniversary of PSD2 becoming a regulatory requirement across the EU, the UK’s Open Banking Implementation Entity (OBIE) has issued a statement citing substantial adoption of the initiative across 3.9 million consumers and 600,000 small businesses.

13 January 2022

News/people

OBIE seeks CEO

The Open Banking Limited (OBL) board is seeking a CEO to lead the day-to-day running of the Open Banking Implementation Entity (OBIE) and its transition to an entity that will observe the CMA’s next consultation on future governance arrangements.

10 December 2021

News/regulation

CMA delays open banking 'sweeping' timetable

The UK's Competition and Markets Authority has agreed to push back the introduction of Variable Recurring Payments (VRPs) for sweeping services by six months after accepting that the country's big banks won't meet the target date of January.

16 November 2021

Company announcement/people

OBIE seeks independent non-exec director

The Open Banking Implementation Entity (OBIE) is seeking to appoint an independent Non-Executive Director (iNED) to their Board. Open Banking allows consumers and SMEs to share their bank account information securely with trusted intermediaries who can then use this information to help them save time and money by finding better products to suit their needs.

08 November 2021

News/people

Crosswell promises to learn from past mistakes at the OBIE

Charlotte Crosswell, the new chair of the UK's Open Banking Implementation Entity, has pledged to "learn from past mistakes" as she takes over from former incumbent Imran Gulamhuseinwala, who quit his post last week after an independent investigation found that leadership failures at the OBIE "allowed a culture of bullying and intimidation".

11 October 2021

News/people

OBIE chief resigns following bullying investigation

The chair of the UK's Open Banking Implementation Entity has quit after an independent investigation found that leadership failures at the OBIE "allowed a culture of bullying and intimidation".

01 October 2021