According to Gartner, "for application leaders at larger banks, which have the budget and staff to provide their own API, a consent-based approach is generally preferred over using a banking aggregator." Discover the true value of compliance and how to turn consent into a critical competitive differentiator in this Gartner guide.
Gartner Report
Beyond Compliance: Using Banking API Standards for Competitive Advantage

When building open banking applications, Gartner recommends that you:
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Adopt a consent-based approach
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Provide a consent-management interface for your customers
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Implement consent flows that prioritise user experience and avoid customer confusion
According to Gartner, "Application leaders who have built APIs simply to comply with open banking regulations have not experienced the expected benefits to their bank, to fintech partners or to customers."
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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner, "Beyond Compliance: Using Banking API Standards for Competitive Advantage, 3 December 2020, Mark O'Neill, Andrew Steadman, Don Free"