Juniper Research: Open Banking API Call Volume to Surpass 720 Billion Globally by 2029

Core Insights - A new study from Juniper Research predicts a 427% increase in global Open Banking API calls, rising from 137 billion in 2025 [1] - The integration of artificial intelligence (AI) with open banking is expected to enhance personalized banking solutions, driving the growth of API call volume [1][3] Open Banking API Growth - The report forecasts that the number of Open Banking API calls will reach approximately 581 billion by 2029 [1] - Generative AI (GenAI) is identified as a key driver for personalizing open banking services at scale [3] AI Integration and Vendor Strategies - API vendors are increasingly leveraging AI to improve service quality and personalization, which is essential for the success of open banking [3][4] - The report emphasizes the necessity for vendors to invest in GenAI solutions to enhance banking offerings and streamline operations [4] Emerging Markets and Regulatory Developments - 2024 is highlighted as a pivotal year for open banking regulations, with significant frameworks launched in Africa and Saudi Arabia [4] - The Middle East and Africa are identified as high-growth potential markets due to improving digital banking and evolving regulatory environments [4][5] Recommendations for API Vendors - The research advises API vendors to collaborate with regional banks and businesses in emerging markets to tap into new revenue streams [5] - A shift from a European-centric focus to include early growth markets is recommended for sustained growth [5] Research Overview - The market research suite provides a comprehensive assessment of the Open Banking APIs market, analyzing over 23,000 datapoints across 61 countries over five years [6] - It includes a 'Competitor Leaderboard' and insights into current and future market opportunities [6]