Salt Edge report: State of open banking payments in Europe in 2021
Noticing an increased appetite for open banking, especially for payment initiation services, Salt Edge has created a report that presents the current state of open banking in Europe, with a particular emphasis on payments. One might expect more things to have been achieved in these 2 years, yet Salt Edge identified interesting dynamics compared to 2020. The APIs’ quality and availability have greatly improved, with top 10 EU countries having rates ranging from 97.61% to 91.12%. While last year the communication between TPPs and banks was mostly one-sided, this year the results have been calibrated and most API requests have been replied to.