Open Banking Limited (OBL), the organisation responsible for governing and advancing open banking standards across the UK financial ecosystem, has unveiled its newest analysis of financial crime trends impacting the sector.
The updated report has been released to help financial institutions, payment providers and digital commerce platforms better understand shifts in fraud behaviour, compare their own performance with wider industry benchmarks and enhance fraud controls in response to evolving criminal techniques.
The newly published ‘Financial Crime within Open Banking Journeys‘ provides an in-depth evaluation of fraud patterns from March 2024 to September 2025. It examines typologies and trends affecting the ecosystem, highlights the dominance of authorised push payment (APP) fraud, and compares open banking loss rates against those of the wider payments industry.
According to the findings, open banking continues to perform strongly relative to the market. Fraud levels have declined year-on-year, in contrast to rising losses across the broader payments landscape. The report also spotlights the growing role of collaborative intelligence and tools such as Transaction Risk Indicators (TRIs), while warning of emergent threats including AI-driven scams, SIM-swap attacks and increasingly sophisticated social engineering.
The research draws on data from ASPSPs covering more than 60% of UK open banking transactions. In H1 2025, fraud represented only 0.013% of open banking payments by volume, compared with 0.045% across the wider industry. APP fraud remains the most significant challenge, representing 74% of recorded cases and generally involving higher-value transactions.
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