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Open Bank Project

Open Bank Project
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Language

default

Tool Type

API

License

GNU Affero General Public License 3

Version

1.0.0

About the tool Responsible

TESOBE

Open Bank Project
What is it?

Open Bank Project is an open source API that facilitates the interaction of banking users with their accounts through various applications and services. Supports transparency, data enrichment, and privacy preservation through advanced security settings. It allows financial institutions to quickly expand their digital services using a set of pre-established APIs, improving the digital offering securely and efficiently. The Open Bank Project democratizes access to advanced banking technologies, facilitating innovation and personalization in financial services.

What problems does it solve?

The Open Bank Project provides financial institutions with a platform to expand their digital services securely and efficiently, using APIs that facilitate the integration and customization of services, improving accessibility and user experience.

How does the tool work?

Innovative Banking Integration: The OBP API offers a platform for seamless integration of banking services with third-party applications, enhancing the banking experience for users. Financial Transparency: Emphasizes the importance of transparency in banking, allowing users to share their financial data responsibly and securely. Security and Authentication: Implements robust authentication mechanisms to ensure secure access to banking data.Fintech Ecosystem: The platform supports the creation of a vibrant fintech ecosystem by providing the tools needed for innovation. Financial Inclusion: Open Bank Project promotes financial inclusion and innovation in the financial sector.

Open standards

Employs Maven 3 for build management, leveraging Java or JVM-related languages. Configures the environment through Maven commands, easing the execution of tests and database setup. Provides transparency options for sharing transaction data and data blurring to protect sensitive information. Enables data enrichment with tags and comments. Supports multiple authentication methods like OAuth 1.0a and OpenID Connect, ensuring secure interactions.

Sector
Financial Market
Functionality
Simulators
Service Management
Data interoperability
Sustainable development goals
Partnership for the goals
Certifications
Digital Public Good
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Connect with the Development Code team and discover how our carefully curated open source tools can support your institution in Latin America and the Caribbean. Contact us to explore solutions, resolve implementation issues, share reuse successes or present a new tool. Write to [email protected]

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Banking Services Interface Banking Services Interface

This image showcases a section of a website or an application interface focusing on services for banks, including open banking compliance, with a JSON code snippet visible.

Open Bank Project API Explorer Interface Open Bank Project API Explorer Interface

"Open Bank Project" screen. It displays the "Create Bank Level Endpoint Tag" API with parameters like "Bank ID" and "tag_name". On the right, a dropdown menu to select banks such as "AIB", "Banco Popular".

Sharing Open Banking Data Sharing Open Banking Data

This image illustrates a promotional graphic about sharing data in compliance with Open Banking standards, highlighting international regulations and benefits like pre-built APIs.

Open Bank Project Official Site

Open source API platform that allows banks to manage and secure APIs in compliance with global Open Banking standards.

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Registry of Digital Public Assets (DPGA)

Official list of open source tools endorsed by the Digital Public Goods Alliance. This tool is part of this registry.

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Digital Public Goods Alliance: an opportunity to drive development

Article that presents the global alliance to promote digital public goods and its relationship with the IDB.

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Official Documentation

Detailed guide on the implementation and use of the Open Bank Project APIs.

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