Open Finance Delivery Plan, UK, 2026-2030

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Open finance roadmap: our vision for a smart data future

Corporate documents First published:

14/04/2026

Last updated: 14/04/2026
Open finance has the potential to be the next major step in the UK’s smart data revolution. Our roadmap sets out a clear path to move open finance from vision to delivery between now and 2030.

On this page

• Our plans for open finance to 2030

Banking and financial services occupy a central place in the Government’s Smart Data Strategy, and open finance will be a critical enabler for developing smart data schemes across sectors.

Enabling open finance to develop is also one of our priorities. In our strategy for 2025 to 2030, we committed to setting out a delivery plan to help unlock open finance.

Open finance can offer significant benefits, such as:

• Giving consumers and small and medium-sized enterprises (SMEs) greater control over their own financial data, and unlocking faster and more personalised financial services.
• Stronger competition and greater incentives for firms to innovate and invest.
• Supporting wider economic growth across the economy. We’re building on the foundations of open banking and international experience, to make sure open finance develops in a way that is secure, trusted and proportionate.

Read the full roadmap (PDF)

Our plans for open finance to 2030

Our roadmap aims to be pragmatic, evidence-led and collaborative.

1. 1 ### 2026: collaboration to prioritise what open finance should deliver

• Prioritise high-impact use cases where open finance can deliver benefits most quickly, starting with lending to SMEs, and improving consumers’ access to mortgages.
• Build robust evidence through sprints and structured experiments, testing what works in practice and where barriers remain.
• Draw on stakeholder expertise and insights to identify the impact of future use cases on consumer outcomes, competition, growth and innovation.
• Work closely with industry, consumer groups and the Government to assess delivery models, incentives and the role of industry-led solutions.

• Invite views on how our regulations can unlock benefits for consumers, businesses and firms, and promote the safe and responsible adoption of open finance, starting with a discussion paper on the first scheme.

  1. 2 ### 2027: framework design and coordination

• Use the evidence from earlier phases to shape options for the long-term regulatory framework for open finance, and seek views on these.

• Identify where common frameworks, shared infrastructure or governance arrangements are needed to unlock benefits at scale.

  1. 3 ### 2028 to 2030: scale and deliver

Our longer-term activities, taking us up to 2030, will support scaling up and delivery:

• Collaborate with industry on the launch of sustainable open finance schemes with clear governance, high standards of consumer protection and interoperability.
• Review our priorities as markets evolve, new technologies emerge, and we identify more high-impact use cases. Was this page useful? Yes No What can we do to improve pages like this? What did you find helpful? Submit Feedback

On this page

• Our plans for open finance to 2030

Open banking and open finance Open Finance Sprint 2025 Smart Data Accelerator Research Note: Open banking and open finance in the UK

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