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972 Expanded open banking could add £43bn to UK economy

UK Tech News
Oscar Hornstein @ UK Tech News · 03/10/2026 07:00 EDT

Expanded open banking could add £43bn to UK economy

A fully “unlocked” open banking regime could add £43bn a year to the British economy, according to new analysis from EY. Commissioned by Open Banking Limited, the analysis found that so far, the introduction of open banking into UK finance has already delivered £8.3bn in cumulative benefits. Looking ahead, the report suggests that annual economic ...

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