The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of its Operational Guidelines and accompanying Checklist.
Drafted in consultation with the industry and our many stakeholders over the past few months, the Guidelines and Checklist complement our API Specifications, Security Profile and Customer Experience Guidelines previously published. They clearly set out which aspects relate to the EBA Guidelines and FCA Approach, as well as detailing recommendations from the OBIE for best practice in supporting the design of effective and high-performing API interfaces. Additionally, financial institutions who adopt these Standards will be in a better position to show the necessary attributes and functionality to drive competition and innovation.
Trustee of the OBIE, Imran Gulamhuseinwala OBE, said:
“The Operational Guidelines and Checklist will ensure that the Open Banking Standard enables a well-functioning, successful ecosystem, where there are no barriers to the provision of products and services by TPPs. Adopted in conjunction with our Customer Experience Guidelines and Technical Standards, these go one step further to ensuring customers will ultimately enjoy enhanced and better experiences when using products and services powered by Open Banking.”
- Consumer adoption, the fintech invasion and the ‘so what?’ of Open Banking
- Insight: Direct Debit Plus – how Direct Debit can improve and learn from Open Banking initiatives
- Moneybox app announces Open Banking merger with Santander
- Skipton speeds up mortgage processing with Experian
- Amsterdam welcomes Open Banking Expo Europe delegates