The Open Banking Standard Enabling customers and SMEs to share their current account information securely with third party providers, promoting innovation and inclusion in a new financial ecosystem.
This Standard has activated a fintech renaissance in the UK, and inspired similar iniatives all over the world. It opens secure connections between apps and banks to enable innovation across financial services and ecommerce. Customers have gained control of their transaction data, and benefit from low friction, high security, financial interactions.
Open Banking Specification API Specifications Technical documentation, swagger files and usage for: Read/write API Open Data API Directory Dynamic Client Registration MI Reporting Security Profiles These profiles have been developed together with the Open ID Foundation and cover third party onboarding, redirect and decoupled flows.
Open Banking Guidelines Customer Experience Guidelines Bringing together regulatory requirements and extensive customer research to help third party providers and account providers deliver a consistent customer experience and avoid unnecessary friction as required under PSD2. Operational Guidelines Supporting account providers to implement high-performance interfaces and assist them in their regulatory obligations, design and testing, problem resolution, and management information.
Open Banking Good Practice Variable Recurring Payments Overview of the regulatory requirements and OBIE guidelines for sweeping service providers (“SSPs”) designing sweep offerings. Learn more Data Management Sharing payment account transaction data empowers Third Party Providers (TPPs) to provide innovative financial services to their customers, so it is vital that customers are given clarity, control and transparency over how their data will be used. Learn more Common Terminology An essential tool that will enable Participants to self-attest against key criteria identified within the Operational Guidelines. Participants can answer specific questions to demonstrate conformance to the Operational Guidelines. Learn more
Variable Recurring Payments Overview of the regulatory requirements and OBIE guidelines for sweeping service providers (“SSPs”) designing sweep offerings. Learn more
Data Management Sharing payment account transaction data empowers Third Party Providers (TPPs) to provide innovative financial services to their customers, so it is vital that customers are given clarity, control and transparency over how their data will be used. Learn more
Common Terminology An essential tool that will enable Participants to self-attest against key criteria identified within the Operational Guidelines. Participants can answer specific questions to demonstrate conformance to the Operational Guidelines. Learn more
GET CERTIFIED The certification service can be used by account providers as evidence of conformance to the Standard when they request an exemption from the contingency mechanism with their competent authority. Find out more
Get started with the open banking standards This guidance explains the categorisation of requirements for account providers and third party providers implementing any part of the Standard. This guidance should be read before referencing the Standards documents. Find out more
Latest Insights Report Guide to open banking and smart data in the energy and utilities sector Read more Business Small Business Saturday: how open banking helps to tackle late payments and SME lending Read more VRPs Looking ahead to the future of commercial variable recurring payments Read more Case studies Vodafone partners with Moneyhub to use open banking to assess customers for affordable mobile tariff Read more Case studies How Blackbullion uses open banking to speed up student funding and support financial education Read more
Business Small Business Saturday: how open banking helps to tackle late payments and SME lending Read more
Case studies Vodafone partners with Moneyhub to use open banking to assess customers for affordable mobile tariff Read more
Case studies How Blackbullion uses open banking to speed up student funding and support financial education Read more
Latest News Sectors How open banking can help the public sector cut costs 17 May 2024 Read more Open finance How open banking is driving regional growth and prosperity across the UK 19 May 2023 Read more Consumer insights How open banking can help consumers manage cost-of-living challenges 15 Mar 2023 Read more Topical Can Confirmation of Payee help to tackle APP fraud? 18 Jul 2022 Read more
Open finance How open banking is driving regional growth and prosperity across the UK 19 May 2023 Read more
Consumer insights How open banking can help consumers manage cost-of-living challenges 15 Mar 2023 Read more