A quick recap on OpenBanking UK and it's current status, as presented during the OpenID Foundation Workshop at the European Identity Conference in May 2019.

1. OpenID Foundation
OpenBanking UK Status
May 2019 Update

2. Joseph Heenan: FAPI Certification Program – May 2019 Update
A Quick Recap
 Largest 9 banks (the ‘CMA9’) in the UK were found to be having
an ‘adverse effect on competition’
 UK Government required these 9 banks to implement APIs
similar to PSD2
o 18 months ahead of PSD2 timelines
oUsing a standardised API
o Covering only current accounts
 Security profile derived from FAPI-RW specifications

3. Joseph Heenan: FAPI Certification Program – May 2019 Update
UK Banks
 Largest 9 banks (the ‘CMA9’) are using standards derived from
AIB, Barclays, BOI, Danske, HSBC, Lloyds, Nationwide, RBS,
Santander
 Further UK banks due to deploy same standards
o Sainsbury’s, Creation, Cynergy, ClearBank, Cumberland BS, Yorkshire
BS, Vanquis, …
 Currently banks are not returning customer identity
 CMA9 have all passed an older (pre-FAPI) version of the FAPI
conformance tool
 Banks aligning to FAPI standard within the next year
 CIBA is allowed but not required

4. Joseph Heenan: FAPI Certification Program – May 2019 Update
UK API Consumers
 >23 API-consuming services live with end-users as of March
2019
 >38 million API calls in March 2019
 Uses vary
o Account aggregation
oAffordability checks
o Credit scoring
o Financial forecasting