Technical Service Providers

Technical service providers (TSPs) collaborate with regulated providers to securely provision the financial data that fuels open banking-enabled products and services.

tsp header

Support where you need it

We set the Standard. Our team is here to lend expertise and guide you in delivering great value for you and your collaborators. 

  • Avoid confusion over the Standard
  • Test with dummy financial data
  • Connect with other providers

Open banking performance 2020
Q2 2021

319

Number of ecosystem participants

109

OBIE App Store listings/live to market propositions 

+800m

Successful API calls per month

How to enrol 

define
Define your offer

What is your service?

Are you offering services for regulated account providers or regulated third party providers? Or both? You can also collaborate with other TSPs. We can help choose the best option for you.

u003cpu003eu003c/pu003eu003cpu003eYou’ll need to demonstrate that you have a PSD2-compliant business model and appropriate data privacy and security measures in place. Get more information on u003ca href=u0022https://www.fca.org.uk/firms/applications-under-psd2u0022 target=u0022_blanku0022 rel=u0022noreferrer noopeneru0022u003ethe FCA websiteu003c/au003e. u003c/pu003eu003cpu003eThis checklist will help you make sure your application is as complete as possible. It can can take 3-12 months to secure FCA regulation, depending on the quality of your application. u003c/pu003eu003cpu003eu003cstrongu003eRead FCA guidanceu003c/strongu003e – chapter three of ‘Payment Services and Electronic Money’ explains authorisation and registration. u003c/pu003eu003cpu003eu003cstrongu003eKnow your definitionsu003c/strongu003e – are you offering an Account Information Service (AISP)? A Payment Initiation Service (PISP)? A Card-Based Payment Instruction Issuer service (CBPII)? It’s important to be clear about how your service fits the regulator’s definitions. u003c/pu003eu003cpu003eu003cstrongu003eShow a clear business modelu003c/strongu003e – give straightforward explanations of your business model and typical transactions. u003c/pu003eu003cpu003eu003cstrongu003eCheck policies and proceduresu003c/strongu003e – to get regulated you must have specific policies and procedures in place.u003c/pu003eu003cpu003eu003cstrongu003eDemonstrate complianceu003c/strongu003e – you’ll need to show how your security, data storage, IT and policies comply with the regulations. u003c/pu003eu003cpu003eu003cstrongu003eGet insuredu003c/strongu003e – you must have professional indemnity insurance that complies with the regulations. u003c/pu003e
join
Join the Directory

Join the Directory

In addition to the OBIE Directory, you are able to join our Directory sandbox. The sandbox enables you to test your services using model banks and dummy data.

  • During enrolment we’ll allocate a case reference number and update you on the progress of your application at every stage.
  • If you’re not regulated, we’ll need to make some further checks on your company and its directors.
u003cpu003eThe OBIE Directory enables FinTechs to securely identify themselves to the Banks and Building Societies who hold their customers’ financial information. To enrol, you’ll need to provide: u003c/pu003eu003cpu003eu003cstrongu003eContactsu003c/strongu003e – a primary business contact and a primary technical contact. They can be the same person, but you may find it helpful to nominate two dedicated people to manage your open banking activity. u003c/pu003eu003cpu003eu003cstrongu003eCompany name and numberu003c/strongu003e – the same as they appear on the Companies House register (or European equivalent). These should be the same details used when applying to be regulated. u003c/pu003eu003cpu003eSign up now u003c/pu003eu003cpu003eOnce you sign up we will… u003c/pu003eu003cpu003e✓ Verify your details u003c/pu003eu003cpu003e✓ Provide a case reference number to update you on the progress of your application u003c/pu003eu003cpu003e✓ Contact the Company Secretary or Director listed with Companies House to confirm that your contacts are authorised u003c/pu003eu003cpu003e✓ Check ID through our third-party agency. Your contacts will need to provide proof of identity before attending a face-to-face or Skype session to complete verification u003c/pu003eu003cpu003e✓ Tell you when we’ve completed the identity and verification checks u003c/pu003eu003cpu003eIf you’re already regulated, we’ll check the FCA register to make sure you have the permissions needed to complete your enrolment.  u003c/pu003e
test
Test your service

Test your service in the Directory sandbox

Prospects and fully verified entities can use our Directory sandbox to begin testing their services. Our team will help you maximise the value of this process, including our model banks and dummy data.

u003cpu003eOur Sandbox Directory is a test environment where you can run your service with dummy data or with other firms who are also working towards full enrolment. Once we’ve completed our identity and verification checks, our onboarding team will help you get set up. u003c/pu003eu003cpu003eTry the Sandbox u003c/pu003e
find
Find partners

Partner with open banking providers

Once your service is fully tested, our list of regulated third party providers and account providers is the ideal starting point to connect with potential customers.

u003cpu003eThere are just three final steps to going live: u003c/pu003eu003cpu003eu003cstrongu003eOur Directoryu003c/strongu003e – we’ll complete your enrolment once your regulatory permissions are confirmed,  u003c/pu003eu003cpu003eu003cstrongu003eSoftware statements and digital certificatesu003c/strongu003e – you can set up and manage these in the Directory, and start connecting with account providers to make sure your service works with them u003c/pu003eu003cpu003eu003cstrongu003eDeveloper Zoneu003c/strongu003e – use this to set up the technical configuration for your service u003c/pu003e

FAQs

Your most common questions, answered.

How do you verify company details when enrolling?

We’ll contact the Company Secretary or Director listed with Companies House to verify your company details, and confirm that they authorise the contacts provided to deal with open banking.

Our third party agency will get in touch with each of your contacts to verify their identities and addresses. Your contacts will need to provide a copy of their passport and proof of address. The agency will check their identity and arrange a face-to-face or Skype session with each contact. We’ll let you know when we’ve completed the identity and verification checks successfully.