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From Emerging Fintech to Nearly 200 Million API Requests: Yuriy Yakushko on Building Finexer’s Open Banking Infrastructure
['Angela Scott-Briggs']
TechBullion
On the data side, I watched a client’s workflow collapse because a third-party bank data feed went stale mid-project.
When the CMA introduced Open Banking in January 2018, the framework was sound but the ecosystem was still finding its feet.
Open Banking was still unfamiliar territory for most companies, and no amount of marketing could substitute for demonstrated reliability.
The market is reaching that pointThe numbers reflect how far Open Banking has come since those early days.
As of March 2026, there were 17.94 million active UK Open Banking connections, showing how quickly the market has matured.