First Open Banking API Sandbox in the UK

In February 2016, a group of experts from the banking, FinTech, security and open data communities published a framework to deliver an open standard for Application Programming Interfaces (APIs) for UK banks. This work, led by HM Treasury, aims to increase competition and innovation in and around banking to improve outcomes for customers and thus further support the UK’s world-leading FinTech industry.

The European Union is rapidly advancing legislation (PSD2) that will, upon implementation in the next two years, require banks in the EU to open their payment and transaction systems to certified third parties. This is a good moment for the UK to take a leadership role and influence the EU and beyond.

We took this opportunity to reveal the first Open Banking API sandbox specificaly targeted at supporting discussion around the UK Open Banking standard. The sandbox we are showing today provides a selection of API calls relevant to the UK Open Banking Standards report. Feel free to explore the calls. We believe our technology gives the UK a tremendous headstart and access to a vibrant Fintech developer community.

Click below and enjoy!

Re: First Open Banking API Sandbox in the UK

#5

Post by aembleton » Thu, Feb 18, 2016, 4:42 PM UTC

aembleton wrote: post #4

Finally loaded . Here is the blurb from their website: UK Open Banking A demo of Open Banking APIs in the UK In February 2016, a group of experts from the banking, FinTech, security and open data communities published a framework to deliver an open standard for Application Programming Interfaces (APIs) for UK banks. This work, led by HM Treasury, aims to increase competition and innovation in and around banking to im…

Twitter: https://twitter.com/OpenBankProject

Github: https://github.com/OpenBankProject/OBP-API/

API Documentation: https://github.com/OpenBankProject/OBP-API/wiki

API Explorer: https://uk-apiexplorer.openbankproject.com

Re: First Open Banking API Sandbox in the UK

#6

Post by cmdkeen » Thu, Feb 18, 2016, 4:42 PM UTC

aembleton wrote: post #3

tonylemesmer wrote: post #2

seems to be struggling with load. Anyone else?

Not working for me either. I haven't read it all yet but I think this article is related: http://www.theguardian.com/media-network/2016/feb/16/banking...

https://github.com/OpenBankProject/OBP-API seems to be related to them.

The snazzy writeup suggests loads of people are involved but the project has a pretty low number of contributors. Is this the whole organisation or a subset of people doing some work relating to the concept.

The idea of a common API is really fantastic mind you.

Re: First Open Banking API Sandbox in the UK

#7

Post by aembleton » Thu, Feb 18, 2016, 4:46 PM UTC

I just gave them my email address and was taken through to Mailchimp, where their address is given as being in Berlin! Strange that this is supposed to be led by HM Treasury.

Re: First Open Banking API Sandbox in the UK

#8

Post by beejiu » Thu, Feb 18, 2016, 4:57 PM UTC

aembleton wrote: post #7

I just gave them my email address and was taken through to Mailchimp, where their address is given as being in Berlin! Strange that this is supposed to be led by HM Treasury.

I think the language is slightly confusing on their website. It appears they took part in a HM Treasury led consultation, along with 38 other organisations. https://www.gov.uk/government/uploads/system/uploads/attachm... (page 13)

Re: First Open Banking API Sandbox in the UK

#9

Post by neximo4 » Thu, Feb 18, 2016, 5:05 PM UTC

This doesn't look HM Treasury-ey is this by some other organisation?

Re: First Open Banking API Sandbox in the UK

#10

Post by krstck » Thu, Feb 18, 2016, 5:15 PM UTC

I've been dreaming of a standardized banking API for as long as I've been using online banking. It crushes my soul every time Mint makes me send them my actual log in credentials just to scrape transaction data. Really hope this catches on, but I think too many orgs have a vested interest in being the gate-keepers of your banking data.