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Open banking: a systematic literature review

Author

Listed:
  • Ana Maria Barbosa Casolaro

    (Fundação Getulio Vargas – School of Business Administration in São Paulo (FGV-EAESP))

  • Gabriela Nogueira Rauber

    (Fundação Getulio Vargas – School of Business Administration in São Paulo (FGV-EAESP))

  • Ursula Silveira Monteiro Lima

    (Fundação Getulio Vargas – School of Business Administration in São Paulo (FGV-EAESP))

Abstract

This article provides a systematic literature review of Open Banking. Given its complexity and richness, this paper focuses on how the innovations introduced by the Open Banking environment influence the relationship between financial institutions (fintech and incumbent banks) and consumers. It is a domain-based structured review in which the 'Preferred Reporting Items for Systematic Reviews and Meta-Analyses protocol is applied. This study contributes to the academic literature by providing a classification criterion for organizing articles according to the analytical perspectives of their authors. Moreover, it offers an overview of Open Banking by studying the advantages and disadvantages of its implementation for financial institutions and consumers, including increased competition, innovation, and access to financial services, as well as concerns around data privacy and consumer protection. The insights provided by this systematic literature review are worth for researchers, regulators, and market participants. It also provides a research agenda encompassing five management research lines.

Suggested Citation

  • Ana Maria Barbosa Casolaro & Gabriela Nogueira Rauber & Ursula Silveira Monteiro Lima, 2025. "Open banking: a systematic literature review," Journal of Banking Regulation, Palgrave Macmillan, vol. 26(3), pages 340-355, September.
    • Handle: RePEc:pal:jbkreg:v:26:y:2025:i:3:d:10.1057_s41261-024-00262-x
    DOI: 10.1057/s41261-024-00262-x
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    References listed on IDEAS

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    1. He, Zhiguo & Huang, Jing & Zhou, Jidong, 2023. "Open banking: Credit market competition when borrowers own the data," Journal of Financial Economics, Elsevier, vol. 147(2), pages 449-474.
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