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 […]
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 […]
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 […]
The OpenID Foundation (OIDF) and our development partner, the UK Open Banking Implementation Entity (OBIE), recently hosted a workshop focused on Financial-grade API (FAPI) conformance and certification. It was a deep dive into the technical interface of our open, global standard with the OBIE’s functional UK standard. Our success metrics: […]
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 […]
The OpenID Foundation announced today its expansion of the OpenID Certification program with conformance testing and self-certification of Financial-grade API Client Initiated Backchannel Authentication Profile (FAPI-CIBA) OpenID Providers. The ability to self-certify FAPI-CIBA implementations builds on the availability and success of Financial-grade API (FAPI) certifications whereby a number of vendors […]
The OpenID Foundation membership has approved the following specification as an OpenID Implementer’s Draft: Financial-grade API: Client Initiated Backchannel Authentication Profile An Implementer’s Draft is a stable version of a specification providing intellectual property protections to implementers of the specification. This is the first Implementer’s Draft of this specification. This […]
The official voting period will be between Friday, August 16 and Friday, August 23, 2019, following the 45 day review of the specification. For the convenience of members, voting will actually open early on Friday, August 9, providing for a two-week voting period. The FAPI working group page is https://openid.net/wg/fapi/. […]
Not-for-profits to campaign jointly on open finance initiatives The OpenID Foundation (OIDF), the international standardisation organisation which maintains a standard known as the Financial-grade API (FAPI), and the Financial Data and Technology Association (FDATA Global), the global trade association for companies working to promote ‘open finance’ and best practise financial […]
The Financial Data Exchange (FDX) and the OpenID Foundation (OIDF) have announced an agreement to collaborate in order to advance a common technical standard for the secure exchange of consumer financial information. As online banking evolves and fintech apps grow in popularity, consumers increasingly wish to share their personal account, […]
