Our Scans · Open Banking · Weekly Summary

• [New] As Greek banks continue modernising their infrastructure, open banking is gradually creating opportunities in personal finance management, lending, payments and embedded finance. The Fintech Times
• [New] The UK is moving open banking towards a long term regulatory framework, which will be overseen by the FCA. Cms
• Saudi Arabia's push through Vision 2030, SAMA's Open Banking Framework, and the rapid growth of digital payments are creating real opportunities for fintech operators, banks, SMEs, and investors alike. LinkedIn
• Open banking is expected to have a positive impact across the financial sector by strengthening collaboration between banks and fintechs, enhancing financial infrastructure and enabling the responsible use of customers' financial data within a secure, consent-driven framework. Pinsent Masons
• As regulators potentially mandate open banking standards, JPMorgan could lose exclusive access to customer data that currently provides competitive moats. Deep Research Global
• The FCA will gain new powers to regulate the future of Open Banking that will include underpinning the development of new Open Banking payments within commercial schemes. Bratby Law | Specialist UK Telecoms, Data and Payments
• HM Treasury will give the FCA new powers to regulate the future of Open Banking, including powers to underpin commercial open banking payments within commercial schemes developed by industry. Bratby Law | Specialist UK Telecoms, Data and Payments
• Canada's open-banking legislation carries the risk of Australia's initial model without the backstop of the U.K.'s oversight body. Policy Options
• The Consumer-Driven Banking Act, to take effect in 2026, will provide open banking and make screen scraping illegal. Policy Options

Last updated: 22 June 2026