More than 32 million people and 4.8 million small businesses could be using Open Banking technology by 2022

Open Banking market could be generating more than £7.2bn by 2022 if groups including banks, fintechs, credit scoring agencies and tech giants tap into its potential · Open Banking advances could benefit consumers in areas such as mortgage approvals, credit scoring, financial management and reduced overdraft fees. · Businesses set to benefit through streamlined finance operations, payroll management and affordability assessments

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