Open Banking – a classic example of a ‘state-directed’ activity which is not an ‘industry’
Open Banking’s activity statement
3rd February 2025
Introduction
Vyne has folded its tents in the UK, or rather it has closed its Open Banking portal, apparently one offering a top customer experience and with traction into a large customer base:
https://www.linkedin.com/pulse/vynes-withdrawal-uk-open-banking-supplier-proves-dead-bob-lyddon-6xk3e
This does not augur well for this activity area: a top player cannot make Open Banking work financially. That […]