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About Us
Building Open Ecosystems together
Open Banking Exchange (OBE), a fully owned subsidiary of Konsentus, is a global movement for industry stakeholders supplying open banking, open finance and open data services.
Open Banking Exchange was founded in 2021 following the success of Open Banking Europe, a PRETA initiative launched in June 2017 under the European Banking Association & EBA CLEARING.
The original aims of fostering innovation, competition and efficiency to increase consumer choice and enhance security for online payments are central to our ethos and methodology today.
We are globally known for our subject matter expertise and guiding central banks and regulatory authorities through operational and technical set-up, implementation, and operation of open banking and open finance ecosystems.
Open Banking Exchange was founded in 2021 following the success of Open Banking Europe, a PRETA initiative launched in June 2017 under the European Banking Association & EBA CLEARING. The original aims of fostering innovation, competition and efficiency to increase consumer choice and enhance security for online payments are central to our ethos and methodology today.
We are globally known for our subject matter expertise and guiding central banks and regulatory authorities through operational and technical set-up, implementation, and operation of open banking and open finance ecosystems.
Subject Matter Expertise
A deep understanding of Open Banking and Open Finance regulation across the globe.
Community-Led Approach
Working with international communities to accelerate the implementation of Open Banking and Open Finance locally.
Proven Track Record
A proven track record in developing standards and guides with industry partners and associations.
Impartial
Over 500 partners and customers trust our impartial consultancy and advice services.
“Open banking has created an innovation engine for next-generation financial experiences. We’re excited to be at the forefront of this innovation and join Open Banking Exchange to help build understanding of how open banking can help empower more consumers and businesses around the world.”
Keith Douglas, EVP, Expansion Open Banking at Mastercard
What Sets Us Apart
OBE builds upon the experience and know how gained by Open Banking Europe who successfully bought stakeholders together to turn PSD2 regulatory requirements into operational reality by focusing on harmonisation, standardisation and transparency.
Funded and supported by our regional communities, comprising Financial Institutions, Trust Providers, Service providers, Fintechs and other organisations, together we provide valuable insight and guidance on shaping national & regional standards and frameworks to accelerate the take-up and implementation of open banking across the globe.
Our Methodology & Frameworks
Open Banking Exchange provides its communities with a combination of local market expertise combined with an in-depth understanding of global standards. We equip our customers with a central repository of information relating to how the internal and external elements of an Open Banking project can fit together, alongside expertise on how national regulatory data can be used between and across countries. Together, we have achieved significant results and look forward to open banking being a major enabler for global financial inclusion.
Building Workable Solutions
In partnership with the industry, OBE provides solutions that are standardised, transparent, scalable and useable. We work together to remove fragmentation and implement standards that work across countries and regions to meet the expectations of the regulators and the market in terms of innovation, security, and new services.
The Framework
Our framework shows a view of deliverables that may or may not be required in a given country.
The Handbook
The OBE contains the chapter headings and the possible options that need to be addressed by the Community.
The Community
The OBE Community decides how the Framework and Handbook is adapted and implemented.
Leverage Our Expertise to Realise Your Goals
Frequently Asked Questions
The term “Open Banking” generally refers to the way in which banks can make data and services available via interfaces (generally APIs) to authorised service providers or third parties who act on behalf of the customer who owns the account.
Across the world, open banking is being promoted as part of a digital agenda to open up services, provide choice, and foster competition and innovation in the market.
Open Banking enables regulated third-party providers open access to online transactional banking information and funds through the use of application programming interfaces (APIs).
Open Finance is the controlled and ethical data-sharing, with customer consent, of any financial information through third parties.
OBE runs Membership Programmes in different countries and regions across the globe. To find out more about where we are active, contact us at membership@openbanking.exchange
The OBE Membership Programme gives you access to our latest publications, insight on regulatory updates and how you might be impacted, invitations to our working groups and member forums and access to relevant events.
To find out more, contact us at membership@openbanking.exchange
Our Membership Programmes are tailored to regions and different stakeholder groups. Reach out to one of our team at membership@openbanking.exchange to discuss the best membership option for you.
OBE provides consultancy and advisory services to regulators, central banks and individual organisations from our regional communities. If you would like to find out more, get in touch.