Notes for Open Banking UK presentation

Presented at Web Payments Working Group meeting on 2 April 2020. Archived with permission.


> Begin forwarded message:
> 
> From: Chris Michael <Chris.Michael@openbanking.org.uk>
>  
> Standards
> ·         Been iterating and just published v3.1.5 - https://standards.openbanking.org.uk/ <https://standards.openbanking.org.uk/>
> o    PSD2: New guidelines for reporting, name of account holder for PISP, field additions and extensions
> o    CMA Order: Refunds
> o    Further guidance for TPPs on consent management, security, etc
> ·         CMA new roadmap in consultation
> ·         Big ticket items for 2020 are:
> o    VRP in the FCA sandbox
> o    Evaluation of sweeping - does it need VRP
> o    Support for CASS
> o    CoP and CRM in PISP journeys
> ·         OBIE Standards are based on OIDF's FAPI profile, which is also evolving too, with v2.0 coming soon
>  
> Directory 
> ·         Provides an easy method for TPPs and banks to discover and connect
> ·         Helps validate eIDAS certs
> ·         However significant differences between 26 NCA and 80 QTSPs
>  
> Ecosystem
> ·         Over 200 firms (ASPSPs and TPPs) now live in UK and Ireland
> ·         About 200 more either in test or acting as TSPs
> ·         API usage across CMA9 been growing strongly every month
> o    Now well over 1m customers
> o    c350m API calls in Feb
> o    Data for Feb and Mar to be published soon
> ·         Mostly AIS
> o    Recent growth mainly due to migration from SS up to 14 Mar
> o    Business accounting
> o    Personal and SME lending
> ·         PIS now starting, but still concerns about 
> o    Availability c96% 
> o    AuthN friction even with App-App
> ·         However many very strong use cases already
> o    Tax
> o    Payroll
> o    Business payments
> ·         A number of amazing use cases emerging in response to Covid-19
> o    OBIE supporting this with #PoweroftheNetwork 
> o    https://www.openbanking.org.uk/insights/power-of-the-network/ <https://www.openbanking.org.uk/insights/power-of-the-network/>
> ·         FCA call for input on open finance - pushed back to Oct
>  
> Conformance 
> ·         OIDF have a FAPI conformance tool
> ·         OBIE have a functional conformance tool
> ·         OBIE and OIDF working with CMA9 and many other banks to hand hold them using these tools and to get certification
> ·         Much harder than it should be - so running a joint workshop with OIDF on 27 Apr
> ·         Please lmy if you want an invite

--
Ian Jacobs <ij@w3.org>
https://www.w3.org/People/Jacobs/
Tel: +1 718 260 9447