About this Framework
Open Banking security standards encompass the technical security requirements for third-party providers (TPPs) accessing financial accounts via APIs, including OAuth 2.0, OpenID Connect, Financial-grade API (FAPI), mutual TLS (mTLS) and eIDAS/QWAC certificate standards. The UK OBIE standards and FAPI security profile are adopted globally across Australia (CDR), Brazil, EU, Singapore and Canada for open finance implementations, forming the technical backbone of global open banking ecosystems.
Key Control Domains
OAuth 2.0 & OpenID Connect
Financial-grade API (FAPI) Security Profile
Transport Security (TLS/mTLS)
Certificate Management (eIDAS/QWAC)
API Security Testing
TPP Registration & Consent Management
Data Minimisation & Purpose Limitation
Incident Response
Fraud Detection & Monitoring
Who Needs This?
- Banks implementing regulated open banking APIs
- Third-party payment and account information providers (TPPs)
- Fintech companies building open banking applications
- CDR participants in Australia and open finance markets globally
- Open finance platform providers across UK, EU and emerging markets
Compliance Benefits
- Compliance with open banking regulatory requirements globally
- Access to bank API ecosystem enabling financial product innovation
- Customer trust through standardised, verifiable security controls
- Cross-jurisdiction applicability across UK, EU, Australia and beyond
Official Reference
Open Banking Implementation Entity (OBIE)
https://www.openbanking.org.uk/
Assessment Details
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