What is open banking?

Open Banking is a framework that enables the secure sharing of financial data through standardized APIs, empowering consumers and businesses with greater control over their finances. 

This booming concept promotes interoperability and networking between banking information and providers, creating a smoother user experience while networking all user's accounts.

GoCardless utilizes Open Banking APIs to enhance their payment services by securely accessing bank account data and facilitating direct payments from customers' accounts.

Learn more about: GoCardless Bank Account Data API and Payment API

Learn more about open banking in our blog post: What is open banking? An all-in-one comprehensive guide