Open Banking belongs primarily to the categories of crowdfunding and finance, digital transformation, and cybercrime and cybersecurity.

Open Banking refers to an approach in finance where banks securely and in a standardised way share their customer data – naturally, only with the customer's consent – with external providers. The aim is to enable innovative financial services and new digital applications. Data sharing takes place via Application Programming Interfaces (APIs) and is strictly regulated to ensure security and data protection.

For consumers, Open Banking means more choice and control: for example, those who want to manage their accounts with different banks can view all their finances at a glance using an app. Credit applications, payment services or personal savings tips can also be implemented digitally, easily and more quickly as a result.

A clear example: You use an app that consolidates all your accounts and helps you analyse spending or set savings goals. Thanks to Open Banking, and your consent, this app accesses your account data and automatically suggests the best electricity tariff – without you having to search through all providers yourself. This is how Open Banking makes financial processes more transparent, secure, and convenient for customers.

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