Version 3.1.7 of the Open Banking Standard includes new features to help participants further improve Open Banking services.
The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the Open Banking Standard, version 3.1.7 of the API specification.
This is a minor update to version 3.1.6 which was released in June 2020.
Since publishing v3.1.6 of the Read/Write API Specifications, OBIE has addressed approximately 200 support tickets from ecosystem participants. These tickets have resulted in fixing minor inconsistencies, typographical errors and updating descriptions.
Two tickets resulted in change requests which have been approved by the Technical Design Authority.
See API specification change log for full details of all changes.
The following artefacts have been updated:
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For further information, please contact: firstname.lastname@example.org
The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver Open Banking. Its trading name is Open Banking Limited.
OBIE is governed by the CMA and funded by the CMA9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group and Santander). Its works with the CMA 9, as well as challenger banks, financial technology companies, third party providers and consumer groups. OBIE’s role is to:
- Enforce the obligations on the CMA9 under the CMA Order
- Design the specifications for the Application Programme Interfaces (APIs) that banks and building societies use to securely provide Open Banking
- Support regulated third party providers and banks and building societies to use the Open Banking standards
- Create security and messaging standards
- Manage the Open Banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in Open Banking
- Produce guidelines for participants in the Open Banking ecosystem
- Set out the process for managing disputes and complaints