UK Open Banking Providers -- Comparison
| Provider | Best For | Bank Coverage | FCA Compliance | ClickMasters Usage |
|---|---|---|---|---|
| TrueLayer | AISP (account data) + PISP (payments) | 95%+ UK banks | AISP + PISP, OAuth 2.0 PKCE | 12 projects -- primary recommendation |
| GoCardless | Variable Recurring Payments (VRP) + PISP | UK VRP-enabled banks | PISP, Bacs + Faster Payments | 6 projects -- VRP specialist |
| Yapily | AISP data richness, European expansion | UK + 18 European markets | AISP + PISP | 3 projects -- EU expansion |
| Plaid | US-primary, growing UK coverage | 85%+ UK banks | AISP | 2 UK projects -- US-first products |
FCA AISP vs PISP Registration
Aspect
AISP Registration
PISP Authorisation
What you can do
Read account data (balance, transactions, direct debits) with customer consent
Initiate payments from customer account with consent
FCA process
Register as AISP -- 4-8 weeks
Full FCA authorisation as PISP -- 12-18 months
Capital requirement
Nominal -- no minimum
GBP50,000 minimum capital (FCA EMD/PI requirement)
Consumer Duty
FCA Consumer Duty applies -- data used fairly
Full Consumer Duty -- direct financial impact
AML/KYC
Minimal -- not moving money
Full AML MLRs 2017 -- PISP moves money
ClickMasters built
PFM apps, lending affordability, accounting software
Recurring payments, e-commerce bank transfer, salary advance
Variable Recurring Payments (VRP) -- 2026
ClickMasters VRP: 6 UK projects using GoCardless VRP (4 BNPL repayments, 1 lending repayment, 1 subscription billing). GoCardless VRP charges: 1% + 20p per transaction vs Stripe card 1.4% + 20p.