Open Banking in Ireland

What is the current status of Open Banking in Ireland?

The official wave of Open Banking in Ireland started in late 2018 when Irish bank AIB launched its first APIs. Open banking is still new in Ireland, and it will take some time for the market to adjust. The arrival of Revolut and N26 was a clear sign that banks had to unshackle their data, and the country is in the process of doing just that. 

Interesting stats about OB potential in Ireland

What will the future of Open Banking look like in Ireland?

When it comes to the future of OB, Ireland is set in terms of infrastructure. The main challenge for the country will be the standardisation of regulation and the eventual involvement of government bodies for making the new technology a market standard.