Conclusion

"I'm delighted that the CMA's Revised Roadmap is now complete, and would like to pay tribute to the CMA9, fintechs, regulators, policymakers and other key stakeholders in the open banking ecosystem who collaborated to successfully deliver this world-leading regulatory initiative. All the great propositions outlined in this article are testament to the tangible benefits that open banking has delivered to consumers and businesses in the UK.

However, in 2023, it is vital that we continue to protect the ongoing requirements of the Order and remain true to its objectives. We also must maintain momentum and build on the progress that the UK's ecosystem has made. This is the time to progress open banking and to lay the foundations for the opportunities as we protect and then move beyond the Order.

Our position as a global leader in the open banking sector represents a real opportunity for future digital trade and for the UK to share its expertise and approach that made the implementation of our trusted open banking framework so successful.”