The Open Banking Implementation Entity (OBIE) has updated its Guidelines for Read/Write Participants to provide additional guidance to Participants operating within the Open Banking Ecosystem.Read more
Manage, Move and Make More of Your Money
Open Banking enables you, or your company, to give companies access to your accounts so that they can provide new products and services to help you securely move, manage and make money available more easily and efficiently.
Here at Open Banking we build the software standards and set the industry guidelines that ensure you can use this new world of financial services with confidence.
That means that you are in control, your accounts and your data are secure and you can be assured that the companies you deal with are regulated by the Financial Conduct Authority or the National Competent Authority.
Background to Open Banking
Open Banking aims to increase the number of companies that can offer financial services and to enable them to build entirely new ways to manage your money.
We were created, in 2016, by the Competition & Markets Authority and the UK’s nine largest providers of personal and business current accounts to change the market for retail banking forever.
We aim to do that by creating a single standard which regulated and authorised companies can use to access accounts held by a wide range of banks and building societies.
The first version of this standard will be live in the UK in January 2018.
The Open Banking Implementation Entity (OBIE) is pleased to announce the release of Version 2 of the Read / Write Data API Specifications. This follows on from the successful release of Version 1 in July…Read more
The Open Banking Implementation Entity (the ‘OBIE’), the body created by the UK’s largest personal and small business current account providers to create a better way to move, manage and make more of your money,…Read more
Guidelines for Read/Write Participants Updates The Open Banking Implementation Entity has updated its Guidelines for Read/Write Participants to provide additional guidance to Participants operating within the Open Banking Ecosystem from 13 January 2018. This update…Read more