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OBL celebrates seventh anniversary of PSD2 and the creation of open banking

Open Banking

Were at a pivotal stage in the evolution of open banking, with legislation and regulation coming forward that will not only put it on a commercially sustainable footing fit for the long term, but also move us towards open finance and other smart data schemes. Create security and messaging standards.

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UK reaches 7 million Open Banking users milestone

Open Banking

Support regulated third party providers and banks and building societies to use the OBIE’s Open Banking Standards. Create security and messaging standards. Manage the OBIE’s Open Banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in Open Banking.

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Open Banking Limited publishes Trustee End of Implementation Roadmap summary report

Open Banking

OBL’s role is to: • Enforce the obligations on the CMA9 under the CMA Order • The specifications for the Application Programme Interfaces (APIs) that banks and building societies use to securely provide open banking • Support regulated third party providers and banks and building societies to use the Open Banking standards • Create security and messaging (..)

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The OBIE marks completion of CMA Open Banking Roadmap on fifth anniversary

Open Banking

The UK’s approach in mandating and enforcing a single standard has allowed UK fintechs to overcome challenges much faster than other European and competitor jurisdictions. There are now 246 regulated third-party providers in the UK compared to 338 in the whole European Economic Area i. million users. “As

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Open Banking Limited announces search for new Chair and Trustee

Open Banking

Support regulated third party providers and banks and building societies to use the Open Banking standards. Create security and messaging standards. Manage the Open Banking Directory which allows regulated participants like banks, building societies and third-party providers to enrol in open banking.