Digital Strategy of Barclays Bank for Open Banking

Barclays Bank PLC, the group's 300-year-old business, operates in more than 50 countries, employs 147,500 people, and recently merged with the Absa Group of South Africa (Philips, 2018). With the explicit approval of the bank's clients, open banking gives registered third-party providers (TPPs) secure and standardised access to their bank accounts. The availability of standardised and secure APIs for open banking services has sparked a rise of novel payment services on the market, resulting