UK FCA publishes open finance roadmap

The UK Financial Conduct Authority (FCA) has published its open finance roadmap, setting out its vision for open finance in the UK from now until 2030. The FCA explains that the roadmap draws on lessons from open banking and international experience and takes a phased evidence-led and collaborative approach.

• In 2026: on collaboration—The FCA will:
  • prioritise high impact open finance use cases, starting with small- and medium-sized enterprise lending and improving consumers' access to mortgages.
  • build evidence through its Q2 Policy Sprint to assess where open finance can materially improve customer journeys and outcomes, as well as what firms and fintechs need from a future framework to unlock access to key data sets.
  • lead targeted engagement from Q2 to establish what industry-led progress can achieve and where a future regulatory framework may be needed.
  • identify the impacts of use cases on consumer outcomes, competition, growth and innovation by Q3 through the FCA-led Prioritisation and Real-World Insights Selection Matrix (PRISM) taskforce.
  • run a tech-sprint in Q4 to show how open finance can address challenges faced by consumers, businesses and firms, and the data and technology infrastructure required to unlock use cases.
  • seek views in Q4 on how regulation can unlock benefits and support the safe and responsible adoption of open finance, beginning with a discussion paper on the first open finance scheme.
• In 2027: on framework design and coordination—The FCA will seek views on a long-term regulatory framework for open finance, working with HM Treasury on options for this long-term regulatory framework in H2 2027.
• From 2028 to 2030: supporting scale and delivery—The FCA will collaborate with industry on the launch of sustainable open finance schemes with clear governance, high standards of consumer protection and interoperability. It will also review its priorities as markets evolve, new technologies emerge, and further high-impact use cases are identified.

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