This report examines the Open Banking APIs market landscape in detail; assessing market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for Open Banking API players; addressing key verticals and developing challenges, and suggesting how stakeholders should navigate these. It also includes evaluation of key country-level opportunities for Open Banking APIs market growth, based on current Open Banking infrastructure and regulatory developments, market readiness, and more.
Please note: the online download version of this report is for a global site license.
- 1. Key Takeaways & Strategic Recommendations
- 1.1 Key Takeaways
- 1.1.1 Successful Markets Still Heavily Dependent on Regulations
- 1.1.2 AI Solutions to Become Deeply Integrated with Open Banking
- Offerings
- 1.1.3 API Monetisation Strategies Favour Channel-based Approaches
- 1.2 Strategic Recommendations
- 1.2.1 Personalisation of Solutions is Crucial Use Case from APIs
- 1.2.2 Opportunities Beyond Core Markets Should be of Focus in Coming
- Years
- 1.2.3 Vendors Should Pre-empt Upcoming Regulatory Changes
- 2. Market Landscape
- 2.1 Introduction
- Figure 2.1: Data Flow with Open Banking APIs
- 2.2 API Infrastructure
- Figure 2.2: Enterprise Adoption of APIs without Standardised APIs
- 2.2.1 API Security Features
- 2.3 Current Market
- Figure 2.3: Open Banking Models
- 2.3.1 Monetisation Opportunities from Open Banking APIs
- 2.3.2 Trends
- i. Generative AI to Agentic AI?
- ii. API Quality and Availability Increasing
- iii. Payment Usage Necessitates Demand for APIs
- 2.3.3 Benefits
- i. Cost Reduction for Merchants
- ii. Customisation
- iii. New Business Models
- 2.3.4 Challenges
- i. Security
- ii. Monetisation and Profitability
- iii. Limited Regulator Involvement
- Figure 2.4: Notable Regions for Open Banking and their Regulatory Bodies or
- Legislation (2024)
- 3. Segment Analysis
- 3.1 Introduction
- 3.1.1 Payments
- Figure 3.1: Total Value of Open Banking Payments ($m) Split by 8 Key Regions,
- 2024-2029
- 3.1.2 Bank Accounts
- Figure 3.2: Total Platform Revenue of Open Banking APIs for Account
- Aggregation & PFM ($m) Split by 8 Key Regions, 2024-2029
- 3.1.3 Lending
- Figure 3.3: Total Volume of Open Banking Lending API Calls (m) Split by 8 Key
- Regions, 2024-2029
- 3.1.4 Identity
- Figure 3.4: Total Volume of Identity-related Open Banking API Calls (m) in West
- Europe, 2024-2029
- 3.1.5 Niche Use Cases
- i. Investments
- Figure 3.5: Total Volume of Open Banking Investment API Calls (m) Split by 8 Key
- Regions, 2024-2029
- FINTECH & PAYMENTS
- ii. Cards
- iii. FX
- iv. Mortgages
- Figure 3.6: Total Volume of Open Banking Mortgage API Calls (m) Split by 8 Key
- Regions, 2024-2029
- 4. Country Readiness Index
- 4.1 Introduction to Country Readiness Index
- Figure 4.1: Country Readiness Index Regional Definitions
- Table 4.2: Juniper Research’s Country Readiness Index Scoring Criteria: Open
- Banking APIs
- Figure 4.3: Juniper Research’s Country Readiness Index: Open Banking APIs
- Table 4.4: Open Banking APIs Country Readiness Index: Market Segments
- 4.1.1 Focus Markets
- i. National Payment Schemes
- Figure 4.5: Open Banking Payment Value ($m) from Several Focus Markets,
- ii. Country-level Assessment: Saudi Arabia
- 4.1.2 Growth Markets
- i. Digital Economies
- Figure 4.6: Total Volume of Open Banking APIs (m) Split by Growth Markets,
- 2024
- ii. Developing Regulations
- iii. Country-level Assessment: US
- 4.1.3 Developing Markets
- i. Lacking or Developing Infrastructure
- 4.1.4 Country Readiness Index Heatmaps
- i. North America
- Figure 4.7: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: North America
- ii. Latin America
- Figure 4.8: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Latin America
- iii. West Europe
- Figure 4.9: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: West Europe
- iv. Central & East Europe
- Figure 4.10: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Central & East Europe
- v. Far East & China
- Figure 4.11: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Far East & China
- vi. Indian Subcontinent
- Figure 4.12: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Indian Subcontinent
- vii. Rest of Asia Pacific
- Figure 4.13: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Rest of Asia Pacific
- viii. Africa & Middle East
- Figure 4.14: Juniper Research’s Open Banking APIs Country Readiness Index
- Heatmap: Africa & Middle East
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