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, […]
Guest blog post by Daniel Fett (yes.com), Pedram Hosseyni, and Ralf Küsters (University of Stuttgart). The security of a web protocol is crucial, especially in the domain of financial applications and in other high-stakes environments. For identifying weaknesses in protocols and ensuring security, formal protocol analysis is the state-of-the-art method. […]
The OpenID Foundation launched the OpenID Certification Program in 2015. The Program enables organizations to certify that their OpenID Connect implementations conform to specified profiles of the OpenID Connect standard. The certification program is a tool to help ensure that implementations by different parties will interoperate. It provides assurance to […]
The OpenID Foundation membership has approved the following Financial-grade API (FAPI) specifications as OpenID Implementer’s Drafts: Financial-grade API — Part 1: Read Only API Security Profile Financial-grade API — Part 2: Read & Write API Security Profile Financial-grade API — JWT Secured Authorization Response Mode for OAuth 2.0 (JARM) An […]
The official voting period will be between Tuesday, October 15, 2018 and Tuesday, October 22, 2018, following the 45 day review of the specification. For the convenience of members, voting will actually open on Tuesday, October 8, 2018 for members who have completed their reviews by then, with the voting […]