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 via the Open Certification Program. […]
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 focus as the financial services […]
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: over 125 active participants, a […]
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 transactions. In 2018, the UK […]
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 including banks have certified their […]
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 period for the specification draft […]
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, transaction and other financial information […]
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. The OpenID Financial-grade API (FAPI) […]
OpenID Certification Expanding to FAPI Specs
Announcement: The OpenID Foundation announced today it will continue expanding the scope of its award-winning OpenID Certification program, adding new profiles and capabilities. The new Form Post Response Mode profiles were launched this week during the Identiverse conference. The OpenID Foundation is pleased to announce its plans to expand the scope of the certification program […]