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A year after the implementation of PSD2 open banking, the demand for innovative products and services from newly regulated entities continues to rise with 49 new TPPs being approved during Q3 taking the total number to 410 – an increase of 13.6%.
However, we’ve also recorded 3 TPPs being suspended over the past three months, lowering the total number for Spain and Estonia. With only three countries now without a Home regulated TPP, the numbers are looking very different from a year ago.
Clearly from what we’ve seen in terms of API calls recorded in the UK, open banking is starting to take off as customers enjoy reduced friction in the customer journey and better access to their financial data and funds.
For the full report, visit: https://www.konsentus.com/insights/q3-2020-konsentus-third-party-provider-open-banking-tracker