Issue link: https://recursos.axway.com/i/1321495
11 Open Banking APIs State of the Market Report 2020 REGION: UK GROWTH ON OPEN BANKING API PRODUCTS IN THE UK, Q2 2019 - Q3 2020 Q2.19 Q4.19 Q1.20 Q2.20 Q3.20 132 70 81 90 108 OPEN BANKING APIs IN THE UK BY PRODUCT CATEGORY, Q3 2020 (N=132) 23 OPEN BANKING PLATFORMS 132 OPEN BANKING API PRODUCTS 209 % ANNUAL GROWTH RATE PLATFORMS: Top UK banks by market capitalization all offer open banking API platforms. PRODUCTS: However, two banks in the top 20 EU and UK banks by market cap have gone beyond what is required under UK Open Banking regulations. Barclays and RBS are both opening APIs that demonstrate they understand the needs of fintech as business partners. For example, both offer Utilities APIs that let third parties receive notifications on their API integrations, and receive performance metrics via an API. SUMMARY UK Open Banking Trends 2019 - 2020 Number of products GROWTH IN OPEN BANKING API PLATFORMS IN THE UK, Q2 2019 - Q3 2020 Q2.19 Q4.19 Q1.20 Q2.20 Q3.20 32 16 20 19 23 Number of platforms Bank product/ATM/Locations Data products FX Utilities Other Accounts Payments Identity (KYC and authentication) Credit scoring/loan pre-approvals 20 23 1 1 2 Number of products 17 3 32 33