#open-banking

#open-banking

The American dream is "life, liberty, and the pursuit of happiness" but, in practice, it has always been about ownership. Sadly, the dream of ownership is slowly slipping away for many people. Harvard University's 2025 Youth Poll found that three-quarters say they want to own a home, but barely half think they ever will. Ownership feels increasingly out of reach.

Open banking and open finance are reshaping the financial landscape across the world, connecting consumers and businesses to financial tools in new and innovative ways. It enables consumers and businesses to securely share their financial data to access innovative financial experiences. For consumers, it can be the difference between completing a loan application in minutes rather than hours, and for businesses, it can drive performance gains and stronger financial outcomes.

Scroll through any UK-regulated Forex broker's website and you will spot two payment options anchoring the deposit screen: "Instant Bank Transfer (Open Banking)" and "Skrill Wallet." They may look like interchangeable buttons, yet each represents a different philosophy of moving money. Open banking pulls sterling straight from a user's bank account via the Faster Payments rail; Skrill stores multiple currencies inside a private wallet that can be topped up with cards, other wallets, or even crypto.