The OpenID Foundation (OIDF) and Financial Data Exchange hosted a joint workshop on July 21, 2020 to share information on their respective standards and certification programs.
OIDF Chairman, Nat Sakimura provided a global view of the state of financial APIs followed by FDX Managing Director, Don Cardinal, who described FDX’s focus as the financial services industry’s standards development and certification center of excellence in the US. Torsten Lodderstedt, CTO at yes.com and a OIDF contributor overviewed the roadmap of the Foundation’s Financial-grade API (FAPI). FDX Director Product, Dinesh Katyal, shared a high level look at the FDX API plans. All this led to the key part of the conversation: how the two organizations may best to continue to collaborate. The workshop concluded with a demonstration of the OIDF certification suite including FAPI certification by Joseph Heenan, Fintech Labs CTO and lead developer of the OIDF Certification Program.