On 11 July 2025, the Financial Conduct Authority (FCA) published an Open Finance Sprint 2025 Outcomes report.

Background

As set out in the FCA’s Strategy 2025, open finance is a key priority for the next five years.

The FCA held an Open Finance Sprint in March 2025 which brought together over 110 stakeholders and focussed on developing practical data-sharing use cases to support four opportunity areas: financial wellbeing, financial growth, financial resilience and better consumer empowerment through digital verification. The report now published summarises the outputs of the Sprint and is not an FCA view.

From a technology perspective, the Sprint highlighted enhanced common standards for application programming interfaces, transparent consent mechanisms, trust and accountability frameworks and interoperability as key to enabling progress.

Next steps

Alongside a roadmap for open finance, the FCA will publish a research note summarising key findings of its commissioned research to understand the foundations, opportunities and barriers for the development of open finance in the UK. This will be accompanied by research on the impact of evolving technology on open finance by end of 2025.

To support the transition to open finance and the smart data economy, the FCA is launching a Smart Data Accelerator to test high impact use cases and to enable dynamic and agile policy development. The Accelerator will drive progress on open finance, as the FCA works closely with the government to set out an open finance roadmap by March 2026. The immediate next steps include TechSprints on SME finance and mortgages in the second half of 2025, with an announcement and more information coming soon.