API Specifications

The Open Banking API Specifications define the methods and parameters that enable interactions between participants in the fintech ecosystem. They cover the core standards behind identity verification, information sharing, payment initiation, security and analytics.

This version is:

Published 7 months ago 16 Apr 2024

The Open Banking API Specifications consist of  5 distinct types of specifications. These include Read/Write API Specifications, Open Data API Specifications, Directory Specifications, Dynamic Client Registration Specifications and finally MI Reporting Specifications.

API Specifications

Read/Write API

RESTful APIs that enable TPPs to access information and initiate payments for customers, by connecting to ASPSPs securely, efficiently, and with customer consent.

Open Data API

Allowing account providers to develop API endpoints which can be accessed by third party developers to build mobile and web applications for banking customers.

Directory

Technical information describing the Open Banking Directory, and the roles and functions of each participant in the Directory.

Dynamic Client Registration

Defines the APIs for TPPs to submit Software Statement Assertions to ASPSPs for the purpose of creating OAuth clients that are registered with ASPSPs.

MI Reporting / ASPSP

Specifications for MI Reporting of ASPSPs to Open Banking. MI specification includes detailed Data Dictionary and examples of MI reporting template.

MI Reporting / TPP

Specifications for MI Reporting of TPPs to Open Banking. MI specification includes detailed Data Dictionary and examples of MI reporting template.