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Open Banking Standard

WIA-FIN-022

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PSD2
Compliant
4
Phases
OAuth 2.0
Security
REST
API Standard

4-Phase Architecture

Complete open banking implementation framework

1

API Foundation

Standardized RESTful APIs for account information, payment initiation, and confirmation of funds availability following PSD2 and Open Banking UK standards.

  • Account Information API (AISP)
  • Payment Initiation API (PISP)
  • Confirmation of Funds API (CBPII)
  • OAuth 2.0 authentication
  • OpenAPI 3.0 specifications
2

Security Layer

Comprehensive security framework including strong customer authentication, digital certificates, and encryption protocols for secure data exchange.

  • Strong Customer Authentication (SCA)
  • eIDAS qualified certificates
  • TLS 1.2+ encryption
  • JWS/JWE message signing
  • Dynamic linking for payments
3

TPP Integration

Third-Party Provider integration framework supporting Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs).

  • TPP registration & onboarding
  • Developer portal & sandbox
  • API rate limiting & quotas
  • Webhook notifications
  • Analytics & monitoring
4

Advanced Services

Next-generation services including variable recurring payments, bulk payments, and real-time data streaming for enhanced customer experiences.

  • Variable Recurring Payments (VRP)
  • Bulk payment processing
  • Real-time account updates
  • Premium API tiers
  • Consent management dashboard

Key Features

Everything you need for modern open banking

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PSD2 Compliant

Full compliance with PSD2, Open Banking UK, and other regulatory frameworks. Built-in SCA, dynamic linking, and secure data exchange protocols.

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RESTful APIs

Modern REST APIs with JSON payloads, OpenAPI 3.0 specifications, and comprehensive documentation for easy integration.

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OAuth 2.0 Security

Industry-standard OAuth 2.0 authorization framework with PKCE, refresh tokens, and consent management for secure access control.

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Real-Time Data

Access real-time account balances, transactions, and payment status. WebSocket support for instant updates and notifications.

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Multi-Bank Support

Connect to thousands of banks across multiple regions. Unified API interface for seamless multi-bank integration.

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Developer Portal

Comprehensive developer portal with sandbox environment, API testing tools, analytics, and 24/7 technical support.

Use Cases

Real-world applications of open banking

πŸ’° Account Aggregation

Access accounts from multiple banks in one place. View balances, transactions, and statements across all your financial accounts.

πŸ’Έ Payment Initiation

Initiate payments directly from bank accounts without cards. Lower transaction fees and instant payment confirmation.

πŸ“± Personal Finance Management

Build budgeting apps, expense trackers, and financial planning tools with real-time access to transaction data and categorization.

πŸͺ E-Commerce Checkout

Enable bank-to-bank payments at checkout. Reduce cart abandonment with seamless payment flows and instant confirmation.

πŸ’Ό Business Banking

Automate reconciliation, payroll, and cash flow management. Bulk payments and advanced reporting for business accounts.

πŸ€– AI Financial Insights

Power AI-driven financial advisors with real-time data. Personalized recommendations and automated savings strategies.

Ready to Get Started?

Explore the interactive simulator, dive into documentation, or start building today