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Guidance to the CFPB regarding US Open Banking

A slide summarizing the key benefits of the FAPI family of specifications: security, interoperability, privacy, competition.

Authors: Gail Hodges, Joseph Heenan, Dima Postnikov, Mark Haine, Mike Leszcz, Elizabeth Garber  Following our May 16 open letter to the Consumer Financial Protection Bureau, the OpenID Foundation has been engaged in discussions about their rule-making on Personal Financial Data Rights. This post summarizes our guidance to the CFPB. Why are we engaged? The OpenID […]

Digital Identity at the G20

On June 18, 2024 the OpenID Foundation’s Executive Director, Gail Hodges, spoke about Digital Identity at the G20 during the Digital Government and Inclusion Workshop. The following are her prepared remarks.   Bom dia and hello. I’d first like to applaud the Brazilian Government for your impressive work on Digital Identity here, in Brazil, and […]

Letter to the CFPB on US Open Banking

The Honorable Rohit ChopraDirectorConsumer Financial Protection Bureau 1700 G St NWWashington, DC 20552  rohit.chopra@cfpb.gov May 16, 2024 Director Chopra, The OpenID Foundation is a non-profit organization whose mission is to lead the global community in creating open standards that are secure, interoperable and privacy-preserving. As part of that mission, we have worked closely with many ecosystems […]

Second Implementer’s Draft of Grant Management for OAuth 2.0 Approved

The OpenID Foundation membership has approved the following Financial-grade API (FAPI) specification as an OpenID Implementer’s Draft: Grant Management for OAuth 2.0 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. The Implementer’s Draft is available […]

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 profile as a complementary component […]

Implementer’s Draft of FAPI 2.0 Message Signing Approved

The OpenID Foundation membership has approved the following Financial-grade API (FAPI) specification as an OpenID Implementer’s Draft: FAPI 2.0 Message Signing 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. The Implementer’s Draft is available at: […]

Notice of Vote for Proposed FAPI 2.0 Message Signing Implementer’s Draft

The official voting period will be between Tuesday, May 9, 2023 and Tuesday, May 16, 2023, once the 45-day review of the specification has been completed. For the convenience of members, voting will actually open on Tuesday, May 2, 2023 for members who have completed their reviews by then, with the voting period still ending […]

Public Review Period for Proposed FAPI 2.0 Message Signing Implementer’s Draft

The OpenID Financial-grade API (FAPI) Working Group recommends approval of the following specification as an OpenID Implementer’s Draft: FAPI 2.0 Message Signing This would be the first Implementer’s Draft of this specification. An Implementer’s Draft is a stable version of a specification providing intellectual property protections to implementers of the specification. This note starts the […]