A recent study by Juniper Research highlights that Open Banking API call volumes are set to increase significantly, projecting a 427% growth from 137 billion in 2025 to over 720 billion globally by 2029. This surge is expected to be driven by the integration of artificial intelligence, particularly generative AI, which is enhancing personalisation in banking solutions. The research underscores the growing importance of AI in streamlining financial services and the strategic need for API vendors to invest in such technologies. Additionally, the report identifies the Middle East and Africa as emerging markets with substantial growth opportunities due to evolving regulatory frameworks and digital banking improvements.

In other trading, Standard Chartered was a notable mover up 3.8% and closing at £11.83, not far from its 52-week high. On Friday, the company announced a completed $1,500 million share repurchase program. In the meantime, Nu Holdings trailed, down 18.9% to end trading at $10.82.

Standard Chartered is strategically focusing on affluent clients to boost Wealth Management and CIB growth. Click to explore the full narrative on Standard Chartered's strategic initiatives and growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Juniper Research: Open Banking API Call Volume to Surpass 720 Billion Globally by 2029" from Juniper Research on GlobeNewswire (published 24 February 2025)

Companies discussed in this article include LSE:STAN NYSE:V NasdaqGS:PYPL NasdaqGS:SOFI and NYSE:NU.

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