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OBIE publishes the ASPSP MI Specification – part of Open Banking Standard version 3.1.9

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The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the ASPSP MI Specification which is part of the Open Banking Standard version 3.1.9. The Standard now includes further clarifications to help ecosystem participants further improve their open banking products and services. In the seven months since v3.1.8 was published, our ecosystem participants have requested several clarifications which have been included in this version. The OBIE has logged 10 issues. These have been subsequently addressed and you can find out more details via the TDA decision 240. You can see the updated specification here. Latest FAQs We have also updated the FAQs section of the Open Banking Standard and this will be of significant interest to organisations implementing Variable Recurring Payments (VRPs) for sweeping. We have reviewed all historical queries logged with our helpdesk and provided clarification on key topics being discussed by ecosystem participants. – – – ENDS – – – For further information, please contact: press@openbanking.org.uk

About Us

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). It 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.