Open Banking 101: A Guide for Crypto Businesses

Open Banking

5 min read

Sep 17, 2025

Open Banking 101

A Guide for Crypto Businesses

By demystifying the fundamentals and showing how Open Banking directly powers growth in crypto, this guide aims to equip you with the clarity and confidence to seize new opportunities in a rapidly evolving market.

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Open Banking is no longer just an alternative - it’s shaping the next phase of digital payments by combining security, efficiency, and scale.

What started as a regulatory push for transparency and competition has quickly evolved into a global movement driving innovation, new business models, and customer-first experiences.

By enabling secure access to financial data through APIs, Open Banking empowers consumers with greater control over their money while giving businesses the tools to build faster, smarter, and more personalized services.

By breaking down the essentials of the IPR and highlighting what the new regulation means for fintechs, PSPs, and crypto businesses, this guide aims to equip you with the clarity and tools to navigate change and unlock opportunity in Europe’s real-time payment era.

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Download the free guide and start building a stablecoin strategy that actually works.

get the guide

Download the free guide and start building a stablecoin strategy that actually works.

get the guide

Download the free guide and start building a stablecoin strategy that actually works.

Who This
Guide Is For

Whether you’re running an exchange, building a crypto wallet, or managing treasury operations, in this guide we’ll break down the core concept, share real-world applications, and equip you with the knowledge to choose the right Open Banking partner for your crypto business.

No prior crypto expertise required.

Open Banking In Numbers

The rise of open banking has been remarkable, and the numbers prove it:

These figures show that open banking is more than just a passing trend - it’s reshaping the future of payments.

2,800%

growth since 2021

Explosive Growth: Global payment transactions facilitated by Open Banking will hit $116 billion by next year, having increased by 2,800% since 2021.

Source:

Thomas Reuters Legal

2,800%

growth since 2021

Explosive Growth: Global payment transactions facilitated by Open Banking will hit $116 billion by next year, having increased by 2,800% since 2021.

Source:

Thomas Reuters Legal

2,800%

growth since 2021

Explosive Growth: Global payment transactions facilitated by Open Banking will hit $116 billion by next year, having increased by 2,800% since 2021.

Source:

Thomas Reuters Legal

2,800%

growth since 2021

Explosive Growth: Global payment transactions facilitated by Open Banking will hit $116 billion by next year, having increased by 2,800% since 2021.

Source:

Thomas Reuters Legal

regions rolling out

Global Expansion: 70 regions across the world are rolling out open banking infrastructure, with countries like Poland, Finland, and the Netherlands leading adoption.

Source:

Forrester

regions rolling out

Global Expansion: 70 regions across the world are rolling out open banking infrastructure, with countries like Poland, Finland, and the Netherlands leading adoption.

Source:

Forrester

regions rolling out

Global Expansion: 70 regions across the world are rolling out open banking infrastructure, with countries like Poland, Finland, and the Netherlands leading adoption.

Source:

Forrester

regions rolling out

Global Expansion: 70 regions across the world are rolling out open banking infrastructure, with countries like Poland, Finland, and the Netherlands leading adoption.

Source:

Forrester

85%

business adoption

Increasing Adoption: 85% of businesses currently use open banking services, while 76% of consumers connect their financial accounts to third-party tools.

Source:

The Financial Brand

85%

business adoption

Increasing Adoption: 85% of businesses currently use open banking services, while 76% of consumers connect their financial accounts to third-party tools.

Source:

The Financial Brand

85%

business adoption

Increasing Adoption: 85% of businesses currently use open banking services, while 76% of consumers connect their financial accounts to third-party tools.

Source:

The Financial Brand

85%

business adoption

Increasing Adoption: 85% of businesses currently use open banking services, while 76% of consumers connect their financial accounts to third-party tools.

Source:

The Financial Brand

470 million

Open Banking users

In 2025, more than 470 million people worldwide are using open banking services. That number is projected to reach 600 million by 2027.

Source:

CoinLaw

470 million

Open Banking users

In 2025, more than 470 million people worldwide are using open banking services. That number is projected to reach 600 million by 2027.

Source:

CoinLaw

470 million

Open Banking users

In 2025, more than 470 million people worldwide are using open banking services. That number is projected to reach 600 million by 2027.

Source:

CoinLaw

470 million

Open Banking users

In 2025, more than 470 million people worldwide are using open banking services. That number is projected to reach 600 million by 2027.

Source:

CoinLaw

What You’ll Learn

Uncover the Fundamentals of Open Banking:

Learn how it works, how it evolved over time, and why it matters for your business.

Stay Ahead of the Curve:

Understand the opportunities that lie ahead in this rapidly evolving landscape and how to turn it into a competitive advantage.

Become an Open Banking Expert:

Equip yourself with the knowledge and tools you need to succeed in the future of finance.

Gain Strategic Insights:

Get actionable advice on how to build, launch, and scale your Open Banking solution with the right partner.

"The Ivy team is exceptionally responsive and demonstrates a deep understanding of customer needs in the Open Banking space. Their product offers comprehensive coverage across Europe, backed by a highly experienced team. They always go the extra mile to tailor their UI to our feedback, ensuring our needs are met effectively."

Christian Niedermüller

COO, KuCoin EU

Christian Niedermüller

COO, KuCoin EU

Christian Niedermüller

COO, KuCoin EU

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Ready for the future of money?

SPEAK TO AN EXPERT

Ready for the future of money?

SPEAK TO AN EXPERT

Ready for the future of money?

SPEAK TO AN EXPERT

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Ivy GmbH may provide payment services through Ivy Pay Oy, which is an Authorized Payment Institution. Ivy Pay Oy's license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3292703-8. Your account and related payment services are provided by one or more financially regulated partner. Your funds will be held in one or more segregated accounts and the full value safeguarded in line with the Financial Supervision Act.

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