Foreword

Yapily 2022

Open banking is on a phenomenal journey.

Fast-forward from 2018 and the inception of PSD2 to present day, and we are witnessing its most signifi cant growth period to date.

Open banking is not just a European initiative but a worldwide experience, now in more than 50 countries across the globe. Adoption is increasing at an exponential rate and account-to-account payments are accelerating at pace.

We’re also start ing to see Big Tech move into the space, an exciting landmark moment for our industry and endorsement of open banking that will drive furt her adoption, innovation, and investment across the entire ecosystem.

All of this means that mainstream adoption is simply no longer a case of if, but when. When we do get there, we will be one step closer to achieving open fi nance and beyond that horizon, open data. In an open fi nancial ecosystem, our fi nancial data such as mort gages, savings, pensions, insurance, investments, and credit will be accessible to third part ies, creating more innovative and personalised services for everyone. Open data takes this one step furt her, moving beyond fi nancial services and into almost every area of our lives, from healthcare to technology.

At Yapily, our mission is to create the open economy of the future. How will we do it? By building scalable, reliable, and secure infrastructure and tools of the highest quality, broadest coverage, and deepest capability to power the next wave of innovation.

This report builds on our 2021 European open banking league table but is also the fi rst of its kind, providing a comprehensive view of how open banking is maturing across 18 diff erent markets.

As Europe’s leading open banking infrastructure provider, we are perf ectly positioned to understand how banks, enterprise fi rms, payment service providers (PSPs) and businesses are consuming open banking APIs to help them navigate this terrain with the same goal in mind: to accelerate open banking and propel Europe on its journey towards open fi nance.

I hope you fi nd it useful.

At Yapily, our mission is to create the open economy of the future. How will we do it? By building scalable, reliable, and secure infrastructure and tools of the highest quality, broadest coverage, and deepest capability to power the next wave of innovation.

Stefano

Yapily 2022

At Yapily, our mission is to create the open economy of the future. How will we do it? By building scalable, reliable, and secure infrastructure and tools of the highest quality, broadest coverage, and deepest capability to power the next wave of innovation.

STEFANO VACCINO, FOUNDER AND CEO AT YAPILY

In this report

2 Foreword 5 Executive summary 8 A note on regulation 11 The League Table 20 About Yapily

Yapily 2022