Beyond Open Banking APIs and What Developers Can Build Next
Five Commercial Paths for Financial Software Developers Open banking is creating opportunities for developers to build financial intelligence, lending, identity, payment and embedded finance software. The opportunity extends beyond connecting bank accounts. Banks, lenders, merchants and business software providers need tools that put authorized financial data to work, and many already pay to…
Beyond the initial focus on open banking APIs, financial software developers have a range of opportunities to build upon the growing demand for financial intelligence, lending, identity, payment, and embedded finance solutions. The UK processed 351 million open banking payments in 2025, up 57%, alongside 24 billion API calls, indicating a strong market for developers to create specialized products.
Five commercial paths identified for developers include financial intelligence and decision software, consent, identity, and compliance infrastructure, embedded finance for business software, programmable payments and treasury, and financial portability and switching. Each of these areas presents unique opportunities for developers, from generating revenue through software subscriptions and API usage fees to earning licensing fees and embedded services.
By identifying problems that software can solve for existing financial institutions and fintechs, developers can create products that address the growing need for efficient, secure, and convenient financial services.
Brief written by urgent.news from Dev.to's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
