Open Banking Transforms Consumer Finance With AI

The article argues that AI and data-access regulations such as the EU's PSD2 and the UK's CMA9 are accelerating open banking, with a 2025 report finding open banking central and 80% of fintechs deploying AI. It outlines five AI-driven services—intelligent credit scoring, debt rehabilitation, automated savings, account aggregation, and predictive finance—and warns of privacy, security, and trust risks, urging transparent regulation to protect customers.