Open Banking

Open Banking: Opportunities, Challenges & Market Forecasts 2020-2024

Juniper Research’s new Open Banking data report provides a detailed examination of how this trend is disrupting established relationships and channels in the banking ecosystem. The Open Banking market size report also includes an extensive regional analysis of Open Banking data, in terms of vendor strategy, deployments to date and future potential. The research includes extensive forecast data on the Open Banking ecosystem to inform strategic planning.

The Open Banking strategy research report also assesses how the introduction of BaaS (Banking-as-a-Service), which is reliant on APIs, is having a dramatic effect on the market; enabling traditionally non-banking players to make inroads into the banking market. The research provides best practice recommendations based on these trends, and an outlook of what these disruptions mean for the entire banking market.

This research suite comprises:
  • Strategy & Forecasts (PDF)
  • 5-Year Deep Dive Data & Forecasting (PDF/IFxl)
  • 12 months' access to harvest online data platform


Key Features

  • Market Dynamics: Detailed analysis of the current state of the Open Banking market and future outlook, examining:
    • Open Banking Challenges & Opportunities
    • Open Banking & Implications for Fraud
    • BaaS Challenges & Opportunities
  • Regional Analysis: Extensive regional analysis of Open Banking adoption and prospects for future growth, across Juniper Research’s 8 key regions.
  • Juniper Research Leaderboard: Key player capability and capacity assessment for 15 BaaS vendors:
    • 11FS
    • Bankable
    • Bankmobile
    • BBVA Open Platform
    • Cambr
    • ClearBank
    • Cross River
    • Fidor Solutions
    • Green Dot
    • Marqeta
    • Singular Banking
    • Solarisbank
    • Starling Bank
    • Tieto
    • Treezor
  • Benchmark Industry Forecasts: Provided for the size and growth of Open Banking, including user adoption, volume of API information calls via Open Banking, and transaction volumes and values of payments via Open Banking.

Key Questions

  1. What are the regional differences in how Open Banking is rolling out across the world?
  2. What are the key trends influencing the evolution of the banking market?
  3. What impact will fraud have on the Open Banking landscape?
  4. What impact regulator involvement will have on open banking deployment?
  5. What effect will the introduction of BaaS have, and what are the leading platforms?

Companies Referenced

Interviewed: Bankable, Experian, Tink.
Profiled: 11:FS, BankMobile, BBVA Open Platform, Cambr, ClearBank, Cross River, Fidor Solutions, Green Dot, Marqeta, Singular Banking, solarisBank, Starling Bank, TietoEVRY, Treezor.
Case Studied: Emma, Experian, Tink.
Mentioned: 7‑Eleven, ABN AMRO, ACCC (Australian Competition and Consumer Commission), AccountNow, ACI Worldwide, ADIB, AIFC, AlBakaram, Allpoint, Amazon, American Express, Aplazame, Apple, Arkea Banking Services, Arvato Financial Solutions, Association of Banks, Auka, Azlo, Banco Central do Brasil (the Central Bank of Brazil), Barclaycard, BNP Paribas, Borse Stuttgart, Caixa Geral de Depósitos, Catch, Central Bank of Turkey, Cisco, Citibank, Coinbase, Connected Money, Customers Bank, CyberSmart, Data61, Dell Technologies, Deutsche Bank, Digit, Digital Risks, Ditto Bank, DNB, Dozens, DXC Technology, EBA, EPAM, equensWorldline, Facebook, FCA, Federal Reserve, Fidor Bank, Finleap, Flux, FreeAgent, GoBank, Goldman Sachs, Google, Group BPCE, Growth Street, HPE, IBM, Instagram, Intuit Turbotax, Joust, JP Morgan Chase, Klarna, Kmart, Konsentus, Kontist, Kraft Bank, Lakestar, LendKey, Libeo, Lunar, Lunchr, Lydia, Marginalen Bank, MAS (Monetary Authority of Singapore), Mastercard, MBNA, McAfee, Microsoft, Modo, Molo, MoneyLion, MoneyPak, Morning, N26, National Bank of Rwanda, Nationwide Building Society, Natixis, Nimbla, O2 Banking, OakNorth, Office of Comptroller of Currency, Oracle, PayPal, PayStream, pENSIONbEE, Plaid, Q2, Qapital, Qonto, QuickBooks, RapidPay, RBI, Red Hat, Royale Oceanic, RushCard, Salesforce, Samsung, SAP, SBI Group, SEB, Seed, Simple, Smava, Société Générale, Sodra, So‑sure, Sparqa Legal, Standard Chartered Bank, Stash, StoneCastle, SWIFT, Tail, TD Bank, Tide, T-Mobile, Token, Tomorrow, Trade Republic, Transact Payments, Trestle Group, Uber, UK Faster Payments, UK Open Banking, UnderPinned, Van Lanschot, Visa, VMWare, Walmart, WealthSimple, WeChat, Wise, World Bank, Xero, YAPEAL, Yolt.

Data & Interactive Forecast

Juniper Research’s Open Banking forecast suite includes:
  • Forecast splits for 8 key regions, as well as 12 country-level data splits for:
    • Canada
    • China
    • Denmark
    • France
    • Germany
    • India
    • Norway
    • Portugal
    • Spain
    • Sweden
    • UK
    • US
  • Open Banking forecasts for:
    • Total Open Banking Users
    • Total Number of Open Banking Information API Calls
    • Total Volume & Value of Payments via Open Banking
  • Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for 5 different metrics.
  • Access to the full set of forecast data of 12 tables and more than 1,700 datapoints.
Juniper Research’s highly granular IFxls (interactive Excels) enable clients to manipulate our forecast data and charts to test their own assumptions using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase clients’ ability to both understand a particular market and to integrate their own views into the model.

Open Banking Reports


Full Research Suite

Open Banking full research suite comprises:

  • Open Banking PDF report
  • Interactive Forecast IFXL spreadsheet
  • 12 months' access to Open Banking data updates in harvest - find out more


Click here for more information and purchase options

May 2020




PDF & Excel Report

Open Banking full research suite comprises:

  • Open Banking PDF report
  • Interactive Forecast IFXL spreadsheet


Click here for more information and purchase options

May 2020




Open Banking FAQs

Why is open banking important?
How big is the open banking market?
What is the open banking market growth?
Which region accounted for the largest open banking market share?

Research Details

Juniper Research
Nick Maynard
Fintech & Payments
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Canada, China, Denmark, France, Germany, India, Norway, Portugal, Spain, Sweden, UK, USA