Open Banking Market Forecast 2026–2030: Growth, Trends, and Key Players
QKS Group reveals that the global Open Banking market is expected to reach a valuation of $10.39 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.85% from 2026 to 2030. This growth reflects the increasing adoption of API-driven financial ecosystems, the rising demand for personalized banking experiences, and the global push toward greater financial transparency and innovation. Open Banking represents a transformative shift in the financial services industry, moving beyond traditional banking models toward a more collaborative and interconnected ecosystem. At its core, Open Banking enables secure data sharing between banks, third-party providers, and fintech platforms through standardized application programming interfaces (APIs). These APIs allow authorized access to customer financial data and facilitate payment initiation, provided that customers give explicit consent. This approach fundamentally changes how financial services are delivered. Instead of...