Global Open Banking API Platform Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Open Banking API Platform market size will reach US$ 3109 million by 2031.
An Open Banking API Platform is a system that allows banks and financial institutions to securely share customer financial data with third-party developers and service providers through application programming interfaces (APIs). This platform enables the creation of innovative financial products and services by leveraging the data and capabilities of multiple financial institutions. By opening up their APIs, banks can foster collaboration and competition in the financial services industry, ultimately benefiting consumers with more choice, transparency, and personalized financial solutions.
The global open - banking API platform market is in a stage of rapid development, driven by multiple factors such as regulatory support and demand for financial innovation. The market size is growing steadily, the competitive landscape is diverse, and there are broad prospects for future development.
Open banking is expanding beyond the traditional banking sector to cover insurance, investment, and wealth management, further driving market growth. Open banking APIs enable third - party providers to access customer financial data with the customer's consent, providing consumers with greater transparency and control over their finances, which meets the growing demand for personalized financial services. Governments and regulatory authorities around the world are supporting open - banking initiatives to promote financial inclusion, increase competition, and protect consumer rights, creating a favorable policy environment for market development.
Europe and North America are mature markets for open - banking API platforms. In Europe, regulatory policies such as the Revised Payment Services Directive (PSD2) have strongly promoted the development of open banking, and many banks have actively opened up their APIs. In North America, with the strong support of financial technology companies and large - scale banks, the open - banking API market has a complete ecosystem and a high level of innovation.
The Asia - Pacific region is a rapidly growing market, especially in China. Driven by factors such as the digital transformation of the financial industry and the rise of fintech, the demand for open - banking API platforms in China is constantly increasing. In addition, countries such as India and Singapore are also actively promoting the development of open banking, with broad market prospects.
LPI (LP Information)' newest research report, the “Open Banking API Platform Industry Forecast” looks at past sales and reviews total world Open Banking API Platform sales in 2024, providing a comprehensive analysis by region and market sector of projected Open Banking API Platform sales for 2025 through 2031. With Open Banking API Platform sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Open Banking API Platform industry.
This Insight Report provides a comprehensive analysis of the global Open Banking API Platform landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Open Banking API Platform portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Open Banking API Platform market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Open Banking API Platform and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Open Banking API Platform.
This report presents a comprehensive overview, market shares, and growth opportunities of Open Banking API Platform market by product type, application, key players and key regions and countries.
Segmentation by Type:
Private API
Public API
Segmentation by Application:
Individual
SME Digital Banking
Large Enterprises Digital Banking
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Frollo
Basiq
Tink
Data Action
Axway
Plaid
MX
Finicity
FormFree Holdings
Malauzai Software
Mambu GmbH
MineralTree
Yapily
TrueLayer
Figo
Mastercard
TIBCO
Sopra Banking Software
Token
Direct ID
Yodlee
Salt Edge
Bud
Wipro
Please note: The report will take approximately 2 business days to prepare and deliver.
An Open Banking API Platform is a system that allows banks and financial institutions to securely share customer financial data with third-party developers and service providers through application programming interfaces (APIs). This platform enables the creation of innovative financial products and services by leveraging the data and capabilities of multiple financial institutions. By opening up their APIs, banks can foster collaboration and competition in the financial services industry, ultimately benefiting consumers with more choice, transparency, and personalized financial solutions.
The global open - banking API platform market is in a stage of rapid development, driven by multiple factors such as regulatory support and demand for financial innovation. The market size is growing steadily, the competitive landscape is diverse, and there are broad prospects for future development.
Open banking is expanding beyond the traditional banking sector to cover insurance, investment, and wealth management, further driving market growth. Open banking APIs enable third - party providers to access customer financial data with the customer's consent, providing consumers with greater transparency and control over their finances, which meets the growing demand for personalized financial services. Governments and regulatory authorities around the world are supporting open - banking initiatives to promote financial inclusion, increase competition, and protect consumer rights, creating a favorable policy environment for market development.
Europe and North America are mature markets for open - banking API platforms. In Europe, regulatory policies such as the Revised Payment Services Directive (PSD2) have strongly promoted the development of open banking, and many banks have actively opened up their APIs. In North America, with the strong support of financial technology companies and large - scale banks, the open - banking API market has a complete ecosystem and a high level of innovation.
The Asia - Pacific region is a rapidly growing market, especially in China. Driven by factors such as the digital transformation of the financial industry and the rise of fintech, the demand for open - banking API platforms in China is constantly increasing. In addition, countries such as India and Singapore are also actively promoting the development of open banking, with broad market prospects.
LPI (LP Information)' newest research report, the “Open Banking API Platform Industry Forecast” looks at past sales and reviews total world Open Banking API Platform sales in 2024, providing a comprehensive analysis by region and market sector of projected Open Banking API Platform sales for 2025 through 2031. With Open Banking API Platform sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Open Banking API Platform industry.
This Insight Report provides a comprehensive analysis of the global Open Banking API Platform landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Open Banking API Platform portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Open Banking API Platform market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Open Banking API Platform and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Open Banking API Platform.
This report presents a comprehensive overview, market shares, and growth opportunities of Open Banking API Platform market by product type, application, key players and key regions and countries.
Segmentation by Type:
Private API
Public API
Segmentation by Application:
Individual
SME Digital Banking
Large Enterprises Digital Banking
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Frollo
Basiq
Tink
Data Action
Axway
Plaid
MX
Finicity
FormFree Holdings
Malauzai Software
Mambu GmbH
MineralTree
Yapily
TrueLayer
Figo
Mastercard
TIBCO
Sopra Banking Software
Token
Direct ID
Yodlee
Salt Edge
Bud
Wipro
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
142 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Open Banking API Platform Market Size by Player
- 4 Open Banking API Platform by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Open Banking API Platform Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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