Today we release the latest edition of our Open Banking tracker, a quarterly update on the progress of Open Banking across Europe and beyond, plus our comment on industry news and initiatives. We launched the Open Banking tracker in September 2019 to effectively support our customers that operate across the Open Banking ecosystem. 

Headlines to 31 December 2019:

  • 268 third-parties have registered with a European national competent authority
  • The UK continues to lead Europe with 48% of total registrations, but Germany is gaining fast
  • Q4 2019 recorded the lowest rate of increase in new third-party registrations
  • 42% of third parties are registered to provide both account information and payment initiation services

View the tracker here, and learn more about Mastercard Open Banking Solutions™ at

Read a full summary of growth and progress in Open Banking for Q4 2019 below.

Open Banking to Q4 2019

Number of registrations

Now the flurry for banks to comply with the PSD2 Regulatory Technical Standard has passed, we see the market beginning to mature. While October was the third most active month, Q4 2019 recorded the lowest rate of increase in new third-party registrations so far, and slightly below the rolling average.

As of 31 December 2019, 286 third-party providers have registered with a European national competent authority (NCA) to provide account information services and/or payment initiation services the region. 

Still, the majority of third-party providers are registered in the UK, with 129 of the 286 (48%) overseen by the Financial Conduct Authority. New registrations in Germany are accelerating at the fastest rate, with a total 34 registrations, while Sweden (24) and France (15) are third and fourth respectively. The largest four markets in terms of the total number of third-party registrations ranked consistently throughout the year.

Types of solutions

Provision of services based around account data remain most common among new participants to the market. To date, a total 265 (93%) third-party providers have registered to provide account information services (AISPs), of which 113 (42%) are also registered to provide payment information services (PISP). Just 23 (10%) third parties are registered as only PISPs.

Information correct as of 31 December 2019
Ovum analysis of EBA and European national competent authority lists
Token Inc. customer data

Jim Wadsworth, SVP, Open Banking, Mastercard

Jim thrives on bringing bold ideas to life, and on driving results. With engineering degrees from Cambridge University and more than 20 years’ experience in the payments industry, Jim has run businesses for market leaders such as NatWest, Barclaycard, JP Morgan and Vodafone. He is now leading our proposition and product development work on Open Banking, co-ordinating across Vocalink and Mastercard.