Open Banking Limited /
Securing a smart data future
A hallmark of the UK’s financial services landscape, Open Banking Limited (OBL) sits at the heart of the ecosystem and is at the forefront of building and maintaining the UK’s open banking framework.
The technology, standards, and structures it oversees drive innovation and competition in banking services – helping more than 15 million UK customers and businesses across a wide range of financial services, from keeping on top of bills to making their savings work harder or donating to charity.
WA helps ensure that the UK’s policy and regulatory environment supports OBL in delivering its responsibilities under the CMA Order, showcasing the successes of open banking to date, and highlighting the potential of open banking, open finance, and smart data in the future.
A Multi-Channel Approach
Our work with Open Banking Limited spans a number of live regulatory, policy, and media issues – from engaging with Parliamentarians and Government on the Data Use and Access Bill (2024), to demonstrating the critical role smart data schemes can play in powering growth and their impact on UK households and businesses.
It includes core public affairs, government engagement, and regulatory affairs support, as well as national and trade media engagement to raise awareness of OBL’s critical role in delivering these ambitions and championing the industry.
Our day-to-day delivery is grounded in strategic counsel, political and regulatory insight, and media advice.
Showcasing Critical Industry Progress
WA has supported OBL in showcasing the vital role open banking has played in the UK economy and for consumers and businesses. This includes educating parliamentarians and the media on this highly technical area of innovation through extensive briefings and commentary, as well as direct engagement with the Government and regulators on critical next steps for the sector.
Central to this has been bringing the impact of open banking to life through a series of media interventions. This includes the release of key data showing that open banking usage had reached a new milestone resulting in coverage across major trade outlets, including The Banker, FinExtra and UKTech.
At the same time, we’ve helped shape key thought leadership and opinion pieces focused on the untapped potential of expanding uptake of smart data – including the transition to open finance and into new sectors such as property, utilities and digital verification through new data schemes.