Open Banking Fraud Remains Significantly Lower Than Industry Average, But Sophisticated Scams Are Rising, Says OBL
Open Banking Limited (OBL) has released its latest report on financial crime, revealing that fraud linked to open banking payments remains well below the wider industry average, even as new types of scams are emerging. The report, which analyses data from March 2024 to September 2025, shows that fraud affecting open banking payments accounted for just 0.013% of transactions by volume and 0.020% by value in the first half of 2025. This compares favourably to industry averages of 0.045% and 0.027%
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