Financial-grade API


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 […]


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 […]


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 […]


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: […]


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 […]


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 […]


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 […]


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 […]


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, […]


Guest Blog: Formal Analysis of the OpenID Financial-grade API

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. […]