Finicity is part of the Mastercard family. Our open banking platform provides the financial data you need.

Open banking in
everyday transactions

Digital payments usage is on the rise, fueled by a continually growing consumer desire for convenience and choice, along with an increased use of technology across other areas of their lives. This research indicates consumers are increasingly turning to digital options to power their everyday financial lives, and in doing so, are driving the need for and adoption of emerging digital payment options powered by open banking.

Mastercard’s new open banking payments report

Open Banking in Everyday Transactions: The Rise of Consumer Choice in Payments provides insight into consumer adoption of digital payment methods. The survey of more than 4,000 U.S. and Canadian consumers covers how consumers currently view and use open banking payment solutions.

In this report you’ll learn more about:

  • The digital revolution is already here
  • Consumers want convenience above all else when it comes to payments
  • Digitization extends to payments for account to account (A2A), digital cards and wallets
  • Choice and flexibility in payments
  • Once there’s trust, speed and convenience outweigh security concerns

Certain open banking solutions are provided by Finicity, a Mastercard company.