According to a survey of a representative sample of UK consumers in 2023, the main perceived benefit of open banking was its perk of speeding up financial transactions and services, with 53 percent of the respondents agreeing with this statement. Ease of use was the second most significant benefit. In terms of use cases, payments to a third party was by far the most widely used application of open banking, with 74 percent of the respondents making use of this function of open banking.
Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023
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Fintech Finance. (March 8, 2023). Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023 [Graph]. In Statista. Retrieved June 12, 2024, from https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/
Fintech Finance. "Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023." Chart. March 8, 2023. Statista. Accessed June 12, 2024. https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/
Fintech Finance. (2023). Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023. Statista. Statista Inc.. Accessed: June 12, 2024. https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/
Fintech Finance. "Main Perceived Benefits and Use Cases of Open Banking in The United Kingdom (Uk) in 2023." Statista, Statista Inc., 8 Mar 2023, https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/
Fintech Finance, Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023 Statista, https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/ (last visited June 12, 2024)
Main perceived benefits and use cases of open banking in the United Kingdom (UK) in 2023 [Graph], Fintech Finance, March 8, 2023. [Online]. Available: https://www.statista.com/statistics/1389439/benefits-and-use-cases-of-open-banking-uk/