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 led by Chairman Nat Sakimura, Anoop […]
FAPI 1.0 Part 1 and Part 2 are now Final Specifications
The OpenID Foundation membership has approved the following Financial-grade API (FAPI) specifications as OpenID Final Specifications: Financial-grade API 1.0 – Part 1: Baseline Security Profile Financial-grade API 1.0 – Part 2: Advanced Security Profile A Final Specification provides intellectual property protections to implementers of the specification and is not subject to further revision. The Final […]
“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 profile and is the co-chair […]
Notice of Vote for Proposed Final FAPI 1.0 Part 1 and Part 2 Specifications
The official voting period will be between Tuesday, December 29, 2020 and Tuesday, January 5, 2021, once the 60-day review of the specifications has been completed. For the convenience of members, voting will actually begin on Monday, December 7, 2020 for members who have completed their reviews by then, with the voting period ending on […]
OpenID Foundation Follow-up to ACDS on CDS
November 18, 2020 Mr Andrew StevensChairman, Consumer Data Standards Australia Mr Paul FranklinExecutive General Manager, Consumer Data Right, Australian Competition and Consumer Commission Ms Kate O’RourkePrincipal Advisor, The Treasury, Australia Mr Daniel McAuliffeProject Lead, Consumer Data Right, The Treasury, Australia RE: OpenID Foundation Follow-up to ACDS on CDS Dear Mr Stevens, Mr […]
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, while ensuring users’ privacy. OpenID […]
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 further revision. This note starts […]
The OpenID Foundation and the UK Open Banking Implementation Entity Hosting a Workshop Focused on Financial-grade API (FAPI) and Third Party Providers (TPPs)
View the workshop recording in its entirety here. The OpenID Foundation (OIDF) and our development partner, the UK Open Banking Implementation Entity (OBIE), continue our collaboration in outreach to the fintech community via workshops in hosting another workshop on Tuesday, October 13, 2020 at 1pm UTC. This next event builds on a prior joint workshop […]
OpenID Foundation Deepens Partnership with Financial Data Exchange on Adoption of New Security Standards
OpenID Foundation Chairman, Nat Sakimura, presented a keynote at the Financial Data Exchange’s (FDX) Global Summit Fall 2020. Nat’s keynote, “Global Adoption of FAPI Among Open Banking Standards… And Beyond”, highlighted the growing adoption momentum of the Foundation’s Financial-grade API (FAPI) security profile and the high quality of self-certified implementations via the Open Certification Program. […]
Open Digital Trust Initiative: A Proposal for Financial Institutions to Use an Open Standards Protocol to Verify Identity, Protect Privacy and Build Trust
In the digital space, people need new solutions to know the identity of who they are dealing with and whether or not they can trust them. A number of initiatives are working on the future of digital identity. Some of them are government-led while others are linked to specific private institutions or proprietary technologies. Banks […]