FAPI


Standards Adoption and the Adoption of Standards – Financial-grade API (FAPI) 1.0 Final Specifications Published

I’m pleased to announce that the OpenID Foundation has published the Financial-grade API (FAPI) Parts 1.0 and 2.0 final specifications. This is a true accomplishment for open banking initiatives worldwide. The Foundation couldn’t have reached this important milestone with the FAPI specification without the leadership of the FAPI Working Group […]


OpenID Foundation Certification Program Update, Program Expansion and Fees Increases

The increasing importance of certification to global adoption is being shown by the participation of government and regulator representatives in OpenID Foundation working groups and in our membership. It is also quantified in the uptick in certification services. The OpenID Certification Program continues its success in 2021 with over 500 […]


An Update on the Collaboration of Technology Tools and Legal Rules

The US Federal Reserve is participating in a Committee on Payments and Market Infrastructures (CPMI) Cross-border Payments Task Force to identify ways to promote cross-border payments that are faster, less expensive and more transparent and inclusive. With the CPMI’s initiative to improve cross-border payments (and their upcoming conference https://lnkd.in/dBmT9q6), the Institute […]


“Exploring Financial-grade API (FAPI) with Torsten” Podcast is Live

The OpenID Foundation is pleased to sponsor the Identity, Unlocked second season premiere podcast featuring host Vittorio Bertocci and special guest Torsten Lodderstedt, “Exploring Financial-grade API (FAPI) with Torsten”. Torsten is a long time member of and contributor to the OpenID Foundation. Torsten has contributed significantly to the FAPI security […]


OpenID Financial-grade API (FAPI) Conformance Tests Now Available for Australian Consumer Data Rights Participants & Push Authorization Requests (PAR)

The OpenID Foundation is pleased to announce the availability of Financial-grade API (FAPI) conformance tests for banks and fintechs in Australia providing consumer data rights (CDR) compliant solutions. The Foundation recently updated the FAPI conformance suite to ensure that servers following the CDR standards comply with the underlying FAPI specifications, […]


OpenID Foundation Co-Sponsoring Santander Digital Trust Hackathon

The OpenID Foundation is excited to be a co-sponsor for the Santander Digital Trust Hackathon. This global virtual hackathon will capitalize on Santander’s Digital Trust API and the need to innovate how data is shared, verified and trusted. The goal is to reimagine how we verify identity and validate data, […]


Public Review Period for Proposed Final FAPI 1.0 Part 1 and Part 2 Specifications

The OpenID Financial-grade API (FAPI) Working Group recommends approval of the following specifications as OpenID Final Specifications: Financial-grade API – Part 1: Baseline Security Profile Financial-grade API – Part 2: Advanced Security Profile A Final Specification provides intellectual property protections to implementers of the specification and is not subject to […]


OpenID Foundation and Open Banking Implementation Entity Continue Collaboration with Conformance and Certification Workshop at OAuth Security Workshop 2020

The OpenID Foundation (OIDF) and the UK Open Banking Implementation Entity (OBIE), continue our collaboration efforts building on the success of our recent workshop focused on Financial-grade API (FAPI) conformance and certification. It was a deep dive into the technical interface of our open, international standard with the OBIE’s functional […]


OpenID Foundation Announces FAPI-RW App2app Certification Launched

Global interoperability, a common cause among many national and industry groups, seems especially urgent these days, especially in matters of security. Interop requires open standards, a “best idea wins” debate among experts and patience, lots of patience. The Financial-Grade API Working Group has a singular focus on developing its security […]


OpenID Foundation Launches New Microsite Focused on Open Banking and Fintech Developers

The OpenID Foundation has launched a new microsite focused on global open banking initiatives and providing resources for fintech developers implementing the Foundation’s Financial-grade API (FAPI). In 2017, the OpenID Foundation’s Financial-grade API (FAPI) Working Group published specifications enabling high-security API access, suitable for accessing financial data and facilitating financial […]