UK Open Banking Standard
The UK Open Banking Standard, established by the Competition and Markets Authority (CMA) Open Banking Order 2017, requires the nine largest UK banks (CMA9) to share customer data securely with authorised third-party providers (TPPs) via standardised APIs. Managed by the Open Banking Implementation Entity (OBIE), it enables Account Information Services (AIS) and Payment Initiation Services (PIS). Transitioning to a long-term framework under the Joint Regulatory Oversight Committee (JROC).
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Framework Domains (4)
Consent
| Code | Title |
|---|---|
| UKOBS-3 | Consent Management and Data Sharing |
Scope
| Code | Title |
|---|---|
| UKOBS-1 | Open Banking Scope and Participant Status |
Technical
| Code | Title |
|---|---|
| UKOBS-2 | FAPI 2.0 + SCA + API Specifications |
VRP
| Code | Title |
|---|---|
| UKOBS-4 | Variable Recurring Payments (VRPs) and Open Finance |
Frequently Asked Questions
What is UK Open Banking Standard?
UK Open Banking Standard is a compliance framework from United Kingdom with 4 domains and 4 controls. The UK Open Banking Standard, established by the Competition and Markets Authority (CMA) Open Banking Order 2017, requires the nine largest UK banks (CMA9) to share customer data securely with authorised third-party providers (TPPs) via standardised APIs. Managed by the Open Banking Implementation Entity (OBIE), it enables Account Information Services (AIS) and Payment Initiation Services (PIS). Transitioning to a long-term framework under the Joint Regulatory Oversight Committee (JROC). It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does UK Open Banking Standard have?
UK Open Banking Standard has 4 controls organised across 4 domains. The largest domains are Consent (1 controls), Scope (1 controls), Technical (1 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does UK Open Banking Standard map to?
UK Open Banking Standard does not currently have cross-framework mappings in our system. Check back as we continuously expand our mapping database.
How do I get started with UK Open Banking Standard compliance?
Start your UK Open Banking Standard compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about UK Open Banking Standard requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 4 controls and track your progress.
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