Written by Modulr | Jul 24, 2025 11:00:00 PM
Open Banking Ltd (OBL) is the UK-based entity responsible for overseeing the implementation of Open Banking. It was established by the Competition and Markets Authority (CMA) to drive competition and innovation in financial services by enabling secure data sharing between banks and third-party providers (TPPs). Open Banking Ltd ensures compliance with UK Open Banking regulations and manages the technical framework that facilitates bank-to-bank data and payment services.