Security Profiles The Open Banking Standard was updated in 2018 to cover both re-direct and decoupled flows, based on OpenID Foundation specifications. OpenID exists to help users control the personal information they share with websites and apps.
There are different levels of risk associated with access to financial APIs. For example, read and write access to a bank API has a higher financial risk than read-only access. As such, the security profiles of the authorisation framework protecting these APIs engender enhanced security.
Other pages in this section Get Started Specifications API Specifications Security Profiles Guidelines Customer Experience Guidelines Operational Guidelines Good Practice Reference
Financial Grade API The OpenID Financial Grade API (FAPI) specification provides implementation guidelines for online financial services by developing a REST/JSON data model protected by a highly secured OAuth profile. Go to OpenID Connect Client Initiated Backchannel Authentication A profile of the OpenID Connect Client Initiated Backchannel Authentication Flow (CIBA), that supports decoupled interaction methods. This document aligns CIBA with the other FAPI parts, providing security recommendations for use with APIs that require financial-grade security. Go to OpenID
Financial Grade API The OpenID Financial Grade API (FAPI) specification provides implementation guidelines for online financial services by developing a REST/JSON data model protected by a highly secured OAuth profile. Go to OpenID
Connect Client Initiated Backchannel Authentication A profile of the OpenID Connect Client Initiated Backchannel Authentication Flow (CIBA), that supports decoupled interaction methods. This document aligns CIBA with the other FAPI parts, providing security recommendations for use with APIs that require financial-grade security. Go to OpenID
Case Studies Open Data From open banking to open finance and beyond 15 Jun 2023 Read more Consumer insights Cyber Monday – how open banking payments are protected for consumers 27 Nov 2023 Read more Case studies AperiData’s Credit Console expands access to loans for HEY Credit Union customers 24 Nov 2023 Read more Impact Report New Impact Report reveals increased adoption and product innovation 16 Nov 2023 Read more
Consumer insights Cyber Monday – how open banking payments are protected for consumers 27 Nov 2023 Read more
Case studies AperiData’s Credit Console expands access to loans for HEY Credit Union customers 24 Nov 2023 Read more
Impact Report New Impact Report reveals increased adoption and product innovation 16 Nov 2023 Read more