OBIE’s Open Banking Standard now includes features to help ecosystem participants further improve their open banking products and services.
The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the Open Banking Standard version 3.1.9.
Many of the changes have been made in response to feedback from ecosystem participants, such as updates to the read/write API Specification, Customer Experience Guidelines (CEGs), the creation of Third-Party Provider (TPP) Guidelines and the uplift of TPP MI Specification.
In the six months since version 3.1.8 was published, the OBIE has logged 10 issues. These have been subsequently addressed and further details can be found via the TDA decision 241.
Customer Experience Guidelines
A2(b)(iii) Evaluation of Efficacy of Consent and Access Dashboards.
The dashboards review contained several Trustee actions, which the OBIE were required to update. As a result, the following journeys have been modified:
Given the scale of change and to make it easier for TPPs to access this important content, the TPP Guidelines will now sit as a standalone section in the Open Banking Standard and will no longer be housed within Operational Guidelines.
We have updated the following:
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For further information, please contact: email@example.com
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: