Open Banking vs. Screen Scraping [Infographic]

By Megan Harrison | Jul 5, 2018 |

Open Banking vs Screen Scraping - What's the difference?

Open banking vs Screen Scraping - Whats the difference

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Open Banking vs. Screen Scraping - What’s the difference?


What regulation and permissions are in place?

Open Banking

Third Party Providers (TPP) that use Open Banking are put through extensive checks to make sure that they’re correctly and securely handling and processing sensitive customer data. They are regulated by the FCA and registered on the Open Banking directory. 

Screen Scraping

There are no regulations regarding Screen Scraping. Any developer can build screen scraping technology, launch products and begin accessing account information without any authorization. 


How long does it take to retrieve the information from a customer's account?

Open Banking

With Open Banking, a matter of seconds, through purpose-built and supported interfaces.

Screen Scraping

With Screen Scraping connections can be hit and miss and can take anything from minutes to hours.



What security standards are in place?

Open Banking

Open Banking has been standardised within the UK. Every bank has built a solution that meets a set of requirements. There is no variance between functionality or security protocols, adhering to the highest European banking standards.

Screen Scraping

Screen scraping has no set standardisation and varies by business. Each business works to different levels of security and functionality which could change at any time as banks modify their own services - resulting in unstable connections.


Customer Protection

What happens in the event of a security breach or cyber attack?

Open Banking

With Open Banking TPPs never handle account credentials - only the anonymised tokens. In the unlikely event of a leak or breach, the user, TPP or bank can revoke access to the account. With multiple models for handling and disabling access, customers security is greatly improved. 

Screen Scraping

Businesses that use screen scraping have to handle and store full bank login details, including personal and memorable info. In the event of a breach these could be leaked.


Providing Consent

Where do customers go to give consent?

Open Banking

With Open Banking customers sign into their bank account through their banks trusted and secure domain. TPPs using Open Banking never see or store any account login details - ever. 

Screen Scraping

Customers stay on the screen scraping business’ domain, which may not be secure. They also need to store full account details in order to scrape customer account information on an ongoing basis and the storage of this information can vary by business.


Revoking Access

How do customers revoke their consent?

Open Banking

With Open Banking customers can revoke access to their bank account from any TPP at any time, either from their own online banking, via the TPP that delivers the service or their bank.

Screen Scraping

With screen scraping, customers have no direct way of controlling ongoing access to their bank account. They can either request that their information is cleared by the business providing the screen scraped service, or they can go through the hassle of resetting all of their online banking details.

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