Global Open Banking API Market Research Report 2023

Open banking APIs, or application program interfaces, facilitate open banking and enable financial institutions to share financial data with one another, typically through a third-party-developed application. Banking API providers such as emerging FinTech companies and collaborators create those third-party-developed applications to improve traditional banking systems and make the digital banking industry better for everyone.

The global Open Banking API market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Open Banking API is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Open Banking API is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Open Banking API in Consumer is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Open Banking API include Google, SAS, Mastercard, Salt Edge, Yodlee, TrueLayer, Plaid, Token and Tink, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Open Banking API, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Open Banking API.

The Open Banking API market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Open Banking API market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Open Banking API companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Open Banking API Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Payment Initiation Sevice API

1.2.3 Account Information Service API

1.2.4 Others

1.3 Market by Application

1.3.1 Global Open Banking API Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Consumer

1.3.3 Enterprise

1.3.4 Financial Institution

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Open Banking API Market Perspective (2018-2029)

2.2 Open Banking API Growth Trends by Region

2.2.1 Global Open Banking API Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Open Banking API Historic Market Size by Region (2018-2023)

2.2.3 Open Banking API Forecasted Market Size by Region (2024-2029)

2.3 Open Banking API Market Dynamics

2.3.1 Open Banking API Industry Trends

2.3.2 Open Banking API Market Drivers

2.3.3 Open Banking API Market Challenges

2.3.4 Open Banking API Market Restraints

3.1 Global Top Open Banking API Players by Revenue

3.1.1 Global Top Open Banking API Players by Revenue (2018-2023)

3.1.2 Global Open Banking API Revenue Market Share by Players (2018-2023)

3.2 Global Open Banking API Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Open Banking API Revenue

3.4 Global Open Banking API Market Concentration Ratio

3.4.1 Global Open Banking API Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Open Banking API Revenue in 2022

3.5 Open Banking API Key Players Head office and Area Served

3.6 Key Players Open Banking API Product Solution and Service

3.7 Date of Enter into Open Banking API Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Open Banking API Historic Market Size by Type (2018-2023)

4.2 Global Open Banking API Forecasted Market Size by Type (2024-2029)

5.1 Global Open Banking API Historic Market Size by Application (2018-2023)

5.2 Global Open Banking API Forecasted Market Size by Application (2024-2029)

6.1 North America Open Banking API Market Size (2018-2029)

6.2 North America Open Banking API Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Open Banking API Market Size by Country (2018-2023)

6.4 North America Open Banking API Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Open Banking API Market Size (2018-2029)

7.2 Europe Open Banking API Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Open Banking API Market Size by Country (2018-2023)

7.4 Europe Open Banking API Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Open Banking API Market Size (2018-2029)

8.2 Asia-Pacific Open Banking API Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Open Banking API Market Size by Region (2018-2023)

8.4 Asia-Pacific Open Banking API Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Open Banking API Market Size (2018-2029)

9.2 Latin America Open Banking API Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Open Banking API Market Size by Country (2018-2023)

9.4 Latin America Open Banking API Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Open Banking API Market Size (2018-2029)

10.2 Middle East & Africa Open Banking API Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Open Banking API Market Size by Country (2018-2023)

10.4 Middle East & Africa Open Banking API Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Google

11.1.1 Google Company Detail

11.1.2 Google Business Overview

11.1.3 Google Open Banking API Introduction

11.1.4 Google Revenue in Open Banking API Business (2018-2023)

11.1.5 Google Recent Development

11.2 SAS

11.2.1 SAS Company Detail

11.2.2 SAS Business Overview

11.2.3 SAS Open Banking API Introduction

11.2.4 SAS Revenue in Open Banking API Business (2018-2023)

11.2.5 SAS Recent Development

11.3 Mastercard

11.3.1 Mastercard Company Detail

11.3.2 Mastercard Business Overview

11.3.3 Mastercard Open Banking API Introduction

11.3.4 Mastercard Revenue in Open Banking API Business (2018-2023)

11.3.5 Mastercard Recent Development

11.4 Salt Edge

11.4.1 Salt Edge Company Detail

11.4.2 Salt Edge Business Overview

11.4.3 Salt Edge Open Banking API Introduction

11.4.4 Salt Edge Revenue in Open Banking API Business (2018-2023)

11.4.5 Salt Edge Recent Development

11.5 Yodlee

11.5.1 Yodlee Company Detail

11.5.2 Yodlee Business Overview

11.5.3 Yodlee Open Banking API Introduction

11.5.4 Yodlee Revenue in Open Banking API Business (2018-2023)

11.5.5 Yodlee Recent Development

11.6 TrueLayer

11.6.1 TrueLayer Company Detail

11.6.2 TrueLayer Business Overview

11.6.3 TrueLayer Open Banking API Introduction

11.6.4 TrueLayer Revenue in Open Banking API Business (2018-2023)

11.6.5 TrueLayer Recent Development

11.7 Plaid

11.7.1 Plaid Company Detail

11.7.2 Plaid Business Overview

11.7.3 Plaid Open Banking API Introduction

11.7.4 Plaid Revenue in Open Banking API Business (2018-2023)

11.7.5 Plaid Recent Development

11.8 Token

11.8.1 Token Company Detail

11.8.2 Token Business Overview

11.8.3 Token Open Banking API Introduction

11.8.4 Token Revenue in Open Banking API Business (2018-2023)

11.8.5 Token Recent Development

11.9 Tink

11.9.1 Tink Company Detail

11.9.2 Tink Business Overview

11.9.3 Tink Open Banking API Introduction

11.9.4 Tink Revenue in Open Banking API Business (2018-2023)

11.9.5 Tink Recent Development

11.10 Bud Financial

11.10.1 Bud Financial Company Detail

11.10.2 Bud Financial Business Overview

11.10.3 Bud Financial Open Banking API Introduction

11.10.4 Bud Financial Revenue in Open Banking API Business (2018-2023)

11.10.5 Bud Financial Recent Development

11.11 Yapily

11.11.1 Yapily Company Detail

11.11.2 Yapily Business Overview

11.11.3 Yapily Open Banking API Introduction

11.11.4 Yapily Revenue in Open Banking API Business (2018-2023)

11.11.5 Yapily Recent Development

11.12 Klarna

11.12.1 Klarna Company Detail

11.12.2 Klarna Business Overview

11.12.3 Klarna Open Banking API Introduction

11.12.4 Klarna Revenue in Open Banking API Business (2018-2023)

11.12.5 Klarna Recent Development

11.13 Impress Solutions

11.13.1 Impress Solutions Company Detail

11.13.2 Impress Solutions Business Overview

11.13.3 Impress Solutions Open Banking API Introduction

11.13.4 Impress Solutions Revenue in Open Banking API Business (2018-2023)

11.13.5 Impress Solutions Recent Development

11.14 Trovata

11.14.1 Trovata Company Detail

11.14.2 Trovata Business Overview

11.14.3 Trovata Open Banking API Introduction

11.14.4 Trovata Revenue in Open Banking API Business (2018-2023)

11.14.5 Trovata Recent Development

11.15 Basiq

11.15.1 Basiq Company Detail

11.15.2 Basiq Business Overview

11.15.3 Basiq Open Banking API Introduction

11.15.4 Basiq Revenue in Open Banking API Business (2018-2023)

11.15.5 Basiq Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Open Banking API Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Payment Initiation Sevice API

    Table 3. Key Players of Account Information Service API

    Table 4. Key Players of Others

    Table 5. Global Open Banking API Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Open Banking API Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 7. Global Open Banking API Market Size by Region (2018-2023) & (US$ Million)

    Table 8. Global Open Banking API Market Share by Region (2018-2023)

    Table 9. Global Open Banking API Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 10. Global Open Banking API Market Share by Region (2024-2029)

    Table 11. Open Banking API Market Trends

    Table 12. Open Banking API Market Drivers

    Table 13. Open Banking API Market Challenges

    Table 14. Open Banking API Market Restraints

    Table 15. Global Open Banking API Revenue by Players (2018-2023) & (US$ Million)

    Table 16. Global Open Banking API Market Share by Players (2018-2023)

    Table 17. Global Top Open Banking API Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Open Banking API as of 2022)

    Table 18. Ranking of Global Top Open Banking API Companies by Revenue (US$ Million) in 2022

    Table 19. Global 5 Largest Players Market Share by Open Banking API Revenue (CR5 and HHI) & (2018-2023)

    Table 20. Key Players Headquarters and Area Served

    Table 21. Key Players Open Banking API Product Solution and Service

    Table 22. Date of Enter into Open Banking API Market

    Table 23. Mergers & Acquisitions, Expansion Plans

    Table 24. Global Open Banking API Market Size by Type (2018-2023) & (US$ Million)

    Table 25. Global Open Banking API Revenue Market Share by Type (2018-2023)

    Table 26. Global Open Banking API Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 27. Global Open Banking API Revenue Market Share by Type (2024-2029)

    Table 28. Global Open Banking API Market Size by Application (2018-2023) & (US$ Million)

    Table 29. Global Open Banking API Revenue Market Share by Application (2018-2023)

    Table 30. Global Open Banking API Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 31. Global Open Banking API Revenue Market Share by Application (2024-2029)

    Table 32. North America Open Banking API Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 33. North America Open Banking API Market Size by Country (2018-2023) & (US$ Million)

    Table 34. North America Open Banking API Market Size by Country (2024-2029) & (US$ Million)

    Table 35. Europe Open Banking API Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 36. Europe Open Banking API Market Size by Country (2018-2023) & (US$ Million)

    Table 37. Europe Open Banking API Market Size by Country (2024-2029) & (US$ Million)

    Table 38. Asia-Pacific Open Banking API Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 39. Asia-Pacific Open Banking API Market Size by Region (2018-2023) & (US$ Million)

    Table 40. Asia-Pacific Open Banking API Market Size by Region (2024-2029) & (US$ Million)

    Table 41. Latin America Open Banking API Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 42. Latin America Open Banking API Market Size by Country (2018-2023) & (US$ Million)

    Table 43. Latin America Open Banking API Market Size by Country (2024-2029) & (US$ Million)

    Table 44. Middle East & Africa Open Banking API Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 45. Middle East & Africa Open Banking API Market Size by Country (2018-2023) & (US$ Million)

    Table 46. Middle East & Africa Open Banking API Market Size by Country (2024-2029) & (US$ Million)

    Table 47. Google Company Detail

    Table 48. Google Business Overview

    Table 49. Google Open Banking API Product

    Table 50. Google Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 51. Google Recent Development

    Table 52. SAS Company Detail

    Table 53. SAS Business Overview

    Table 54. SAS Open Banking API Product

    Table 55. SAS Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 56. SAS Recent Development

    Table 57. Mastercard Company Detail

    Table 58. Mastercard Business Overview

    Table 59. Mastercard Open Banking API Product

    Table 60. Mastercard Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 61. Mastercard Recent Development

    Table 62. Salt Edge Company Detail

    Table 63. Salt Edge Business Overview

    Table 64. Salt Edge Open Banking API Product

    Table 65. Salt Edge Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 66. Salt Edge Recent Development

    Table 67. Yodlee Company Detail

    Table 68. Yodlee Business Overview

    Table 69. Yodlee Open Banking API Product

    Table 70. Yodlee Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 71. Yodlee Recent Development

    Table 72. TrueLayer Company Detail

    Table 73. TrueLayer Business Overview

    Table 74. TrueLayer Open Banking API Product

    Table 75. TrueLayer Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 76. TrueLayer Recent Development

    Table 77. Plaid Company Detail

    Table 78. Plaid Business Overview

    Table 79. Plaid Open Banking API Product

    Table 80. Plaid Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 81. Plaid Recent Development

    Table 82. Token Company Detail

    Table 83. Token Business Overview

    Table 84. Token Open Banking API Product

    Table 85. Token Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 86. Token Recent Development

    Table 87. Tink Company Detail

    Table 88. Tink Business Overview

    Table 89. Tink Open Banking API Product

    Table 90. Tink Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 91. Tink Recent Development

    Table 92. Bud Financial Company Detail

    Table 93. Bud Financial Business Overview

    Table 94. Bud Financial Open Banking API Product

    Table 95. Bud Financial Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 96. Bud Financial Recent Development

    Table 97. Yapily Company Detail

    Table 98. Yapily Business Overview

    Table 99. Yapily Open Banking API Product

    Table 100. Yapily Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 101. Yapily Recent Development

    Table 102. Klarna Company Detail

    Table 103. Klarna Business Overview

    Table 104. Klarna Open Banking API Product

    Table 105. Klarna Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 106. Klarna Recent Development

    Table 107. Impress Solutions Company Detail

    Table 108. Impress Solutions Business Overview

    Table 109. Impress Solutions Open Banking API Product

    Table 110. Impress Solutions Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 111. Impress Solutions Recent Development

    Table 112. Trovata Company Detail

    Table 113. Trovata Business Overview

    Table 114. Trovata Open Banking API Product

    Table 115. Trovata Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 116. Trovata Recent Development

    Table 117. Basiq Company Detail

    Table 118. Basiq Business Overview

    Table 119. Basiq Open Banking API Product

    Table 120. Basiq Revenue in Open Banking API Business (2018-2023) & (US$ Million)

    Table 121. Basiq Recent Development

    Table 122. Research Programs/Design for This Report

    Table 123. Key Data Information from Secondary Sources

    Table 124. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Open Banking API Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Open Banking API Market Share by Type: 2022 VS 2029

    Figure 3. Payment Initiation Sevice API Features

    Figure 4. Account Information Service API Features

    Figure 5. Others Features

    Figure 6. Global Open Banking API Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 7. Global Open Banking API Market Share by Application: 2022 VS 2029

    Figure 8. Consumer Case Studies

    Figure 9. Enterprise Case Studies

    Figure 10. Financial Institution Case Studies

    Figure 11. Open Banking API Report Years Considered

    Figure 12. Global Open Banking API Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 13. Global Open Banking API Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 14. Global Open Banking API Market Share by Region: 2022 VS 2029

    Figure 15. Global Open Banking API Market Share by Players in 2022

    Figure 16. Global Top Open Banking API Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Open Banking API as of 2022)

    Figure 17. The Top 10 and 5 Players Market Share by Open Banking API Revenue in 2022

    Figure 18. North America Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. North America Open Banking API Market Share by Country (2018-2029)

    Figure 20. United States Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Canada Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 22. Europe Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. Europe Open Banking API Market Share by Country (2018-2029)

    Figure 24. Germany Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. France Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. U.K. Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Italy Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Russia Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Nordic Countries Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 30. Asia-Pacific Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Asia-Pacific Open Banking API Market Share by Region (2018-2029)

    Figure 32. China Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Japan Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. South Korea Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Southeast Asia Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. India Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Australia Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 38. Latin America Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Latin America Open Banking API Market Share by Country (2018-2029)

    Figure 40. Mexico Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Brazil Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 42. Middle East & Africa Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Middle East & Africa Open Banking API Market Share by Country (2018-2029)

    Figure 44. Turkey Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 45. Saudi Arabia Open Banking API Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 46. Google Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 47. SAS Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 48. Mastercard Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 49. Salt Edge Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 50. Yodlee Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 51. TrueLayer Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 52. Plaid Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 53. Token Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 54. Tink Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 55. Bud Financial Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 56. Yapily Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 57. Klarna Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 58. Impress Solutions Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 59. Trovata Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 60. Basiq Revenue Growth Rate in Open Banking API Business (2018-2023)

    Figure 61. Bottom-up and Top-down Approaches for This Report

    Figure 62. Data Triangulation

    Figure 63. Key Executives Interviewed