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ARTICLE · 27 APRIL 2026

Open Finance: FCA Roadmap

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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The Financial Conduct Authority has published its roadmap for open finance, outlining a clear and ambitious path for 2026-2030 that will guide the development and delivery of open finance in the UK. The roadmap sets out three distinct phases of activity, starting with collaboration to prioritize high-impact use cases in 2026, moving to framework design and coordination in 2027, and culminating in scaling and delivery from 2028 to 2030.

United KingdomFinance and Banking
Marina Reason
Marina Reason
Kelesi Blundell
Kelesi Blundell
Clive Cunningham
Clive Cunningham
Chris Hurn
Chris Hurn
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Quick read

The FCA has published its roadmap for open finance, setting out a "clear and ambitious path" for 2026-2030 that it - working with the government, other regulators and industry - will follow to take forward open finance's development and delivery.

For firms, the roadmap offers a range of opportunities to provide input and feedback to the FCA through industry engagement, Sprints, and responding to discussion papers. There is a clear role for stakeholders to help shape the long-term regulatory framework in this area by engaging, providing evidence, participating in testing, and identifying potential barriers that could impact progress.

The context and vision

Launching open finance is one of the FCA's priorities under its current five-year strategy (see our blog post). In addition, banking and financial services are central to the government's recently published smart data strategy, with open finance being a critical enabler for developing smart data schemes across sectors

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