OBL Leads Open Banking Future Entity Assessment #
Open Banking Limited has scored ahead of the Smart Data Group in an industry evaluation commissioned by the FCA and carried out by KPMG to assess proposals for a future UK open banking standards-setting body. OBL received a weighted score of 63.88 out of 76, compared with 46 for SDG, and was ranked higher across all assessed categories
The result matters because the future entity will help shape the next phase of the UK’s open banking framework, including governance, technical capability, funding, risk management and operational readiness. SDG was recognised for its independent model and broad-participation approach, while OBL’s proposal was assessed as stronger on practical readiness and mobilisation.