Open Banking: Why Small and Medium-sized Banks Must Act Now

With Open Banking adoption growing, smaller banks must act fast or risk falling behind.
April 02, 2025
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Bruno Tinoco
Business Development Senior Architect, GFT USA
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The financial industry is undergoing a transformation, and Open Banking is at the center of it. According to the Financial Data Exchange (FDX), over 76 million consumer accounts are now actively using FDX-compliant Open Banking APIs for secure financial data sharing.

Why Open Banking adoption can’t wait

How to get your bank Open Banking-ready

Real-world applications of Open Banking