The OpenID Foundation and Financial Data Exchange Host Workshop Focused on Fintech Standards and Certification
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 focus as the financial services […]
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 UK standard. More workshops are […]
Collaboration at the Core: The OpenID Foundation and the UK Open Banking Implementation Entity Host Conformance and Certification Workshop
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: over 125 active participants, a […]
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 transactions. In 2018, the UK […]
OpenID Certification Program Expands with the Release of Financial-grade API Client Initiated Backchannel Authentication Profile (FAPI-CIBA) Certification
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 including banks have certified their […]
Implementer’s Draft of FAPI Client Initiated Backchannel Authentication (CIBA) Profile Approved
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 specification is a product of […]
Notice of Vote for Implementer’s Draft of FAPI Client Initiated Backchannel Authentication (CIBA) Profile
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/. If you’re not already a […]
Public Review Period for FAPI Client Initiated Backchannel Authentication (CIBA) Profile Started
The OpenID OpenID FAPI Working Group recommends approval of 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 note starts the 45-day public review period for the specification draft […]
Financial Data and Technology Association and OpenID Foundation in Global Agreement
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 data sharing, have signed a […]
Financial Data Exchange, OpenID Foundation Take Step Towards Global Standard for Financial Data Sharing
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, transaction and other financial information […]