London, United Kingdom
Open Banking is a UK-based startup that is determined to revolutionize the banking sector. Founded in 2016, the company's slogan, "Helping over 10 million UK customers and businesses move, manage and make more of their money," reflects its commitment to empowering individuals and SMEs. Open Banking LTD, formerly known as OBIE, was established by the UK Competition and Markets Authority with the mission of creating innovative technology (APIs), data standards, and governance structures to facilitate the implementation of Open Banking in the UK.
By driving innovation and competition in banking services, Open Banking aims to provide individuals and SMEs with secure and transparent information sharing, granting them greater control over their financial data and better value. Despite not having publicly disclosed its latest investment details or the involved investors, the company's emphasis on technological advancement and financial empowerment signifies its potential to reshape the banking landscape.
