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Good catch on the typo in the title, thanks!

Open Banking, in a quasi form, has been in practice in the US for many years, e.g. the likes of Yodlee (going back to as early as 1999), Intuit/Mint, MX, Finicity, etc. However, U.S. banks today are not required to provide account access to 3rd party aggregators or have APIs exposed for anybody to have access to their customer data. They allow it since consumers demand it, but they do it on a case by case basis - there are just a few aggregators in the U.S. and their service is used by many other application developers. Banks don't make the access available by design. Open Banking is expected to change that. Hope that makes sense.

FYI, I have worked for both Yodlee and Intuit/Mint.