{"id":35590,"date":"2022-05-03T07:49:59","date_gmt":"2022-05-03T07:49:59","guid":{"rendered":"https:\/\/codeandpepper.com\/?p=35590"},"modified":"2022-05-10T06:20:58","modified_gmt":"2022-05-10T06:20:58","slug":"open-banking-api-standards-regulations","status":"publish","type":"post","link":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/","title":{"rendered":"Open Banking API Standards &#038; Regulations 2022"},"content":{"rendered":"\n<p>\u201c<strong>Open banking standards<\/strong>\u201d is a term used for technologies and regulations used to provide third-party service providers consumer\u2019s banking data. This data can be used in many ways. To provide and keep operational things like web and mobile apps, financial services, and more. To make it all possible, governments issued open banking standards and open banking directives. Since compliance, along with security, is the most vital part of FinTech business, we provide you with a brief list of open banking regulations and application programming interfaces (APIs) standards to watch out for in the upcoming months and years.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\" alt=\"Open banking standards - API\n\" class=\"wp-image-36202\" width=\"864\" height=\"450\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-300x156.jpeg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-361x188.jpeg 361w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-432x225.jpeg 432w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-360x189.jpeg 360w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API-200x104.jpeg 200w\" sizes=\"auto, (max-width: 864px) 100vw, 864px\" \/><\/figure><\/div>\n\n\n<h4>Table of contents<\/h4>\n\n\n<ul class=\"wp-block-list\"><li><a href=\"#What is open banking?\">What is open banking?<\/a><\/li><li><a href=\"#Major open banking directives and regulations in 2022\">Major open banking directives and regulations in 2022<\/a><\/li><li><a href=\"#Major open banking standards\">Major open banking standards<\/a><\/li><li><a href=\"#Local authorities on open banking regulations and payment service provider licenses\">Local authorities on open banking regulations and payment service provider licenses<\/a><\/li><li><a href=\"#Why are open banking directives important?\">Why are open banking directives important?<\/a><\/li><\/ul>\n\n\n\n<section id=\"What is open banking?\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #What is open banking? {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-open-banking\">What is open banking?<\/h2>\n\n\n\n<p>Soon we will talk about <strong>open banking directives<\/strong> and <strong>open banking standards<\/strong>, but first, let\u2019s talk about <strong>basics<\/strong>.<\/p>\n\n\n\n<p>Open banking is basically a process of enabling a third-party financial service provider to access consumer banking information. They can see and monitor data like transactions and payment history. From a technical standpoint, this is possible through the use of <strong>APIs<\/strong>.<\/p>\n\n\n\n<p>What kind of information do these financial institutions have the access to? They can see the account holder&#8217;s name, account type, open date, currency type, and transaction details (amounts, merchants, spending patterns).&nbsp;<\/p>\n\n\n\n<p>Based on that information, companies, through apps and services, can give consumers various tips. Information on building and securing a budget, spending and income notifications, price comparison information, loan options, and even real-time updates on stocks (with the ability to invest) is important to many customers. These features can be served through consumers\u2019 profiles, which are built during the course of applications\u2019 usage.&nbsp;<\/p>\n\n\n\n<p>Because the data is so sensitive, the market needed regulations. <strong>Open banking directives and even broadly, open banking standards, were established to build, civilize and protect customers.<\/strong>\u00a0<\/p>\n\n\n\n<p>It all started in 2007 when the first Payment Services Directive (PSD1) was announced and implemented. With the PSD2, launched in 2018, the market had even more reasons to pay attention to compliance. But that\u2019s only the beginning.&nbsp;<\/p>\n\n\n\n<p><strong>What are the current open banking regulations?<\/strong><\/p>\n\n\n\n<section id=\"Major open banking directives and regulations in 2022\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #Major open banking directives and regulations in 2022 {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-major-open-banking-directives-and-regulations-in-2022\">Major open banking directives and regulations in 2022<\/h2>\n\n\n\n<p>It may have started with the PSD but today the compliance landscape is growing exponentially. It\u2019s the idea of open banking regulation playing catch up with what\u2019s happening on the market. Or should we say markets, since the financial ecosystem is fragmented like never before? To keep tabs on what\u2019s happening and protect the data, the following laws have been made. You need to know them if you plan a digital product\u2019s <a href=\"https:\/\/codeandpepper.com\/services\/open-banking-development-services\">open banking development<\/a>.<\/p>\n\n\n\n<p>An important act of law is the <strong>Open Banking Implementation Entity<\/strong>. Issued in the UK by the Competition and Market Authority, it adopted PSD2 and launched the first version of the open banking standard in 2017. It instructs banks how they should allow an API to access consumer information and request payments. With the knowledge and consent of the user, of course.<\/p>\n\n\n\n<p>Next is <strong>NextGenPSD2XS2A. <\/strong>This is a common open banking API standard created by The Berlin Group. It consists of almost 40 banks, associations, and payment service providers, in the entire European Union (EU).&nbsp;<\/p>\n\n\n\n<p>Then we have the Open API Framework established by the Hong Kong Monetary Authority (HKMA). This is a framework with a phased-launch approach that requires banks and third-party entities to cooperate on creating systems for seamless user experiences.&nbsp;<\/p>\n\n\n\n<p>The <strong>API Exchange (APIX<\/strong>) is a legal framework issued by the Monetary Authority of Singapore (MAS). It was created to encourage banks to open their systems and data for use by third-party companies and fintechs.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Introducing API Exchange (APIX)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/-guXd2EbyN0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>We also have a <strong>Consumer Data Right<\/strong> in Australia. Created by the treasury Laws Amendment (Consumer Data Right) increases data control factor for local consumers. They now have the right to choose which data they want to share with API providers. The goal is to share information only for authorized purposes.<\/p>\n\n\n\n<section id=\"Major open banking standards\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #Major open banking standards {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-major-open-banking-standards\">Major open banking standards<\/h2>\n\n\n\n<p>Aside from previously mentioned open banking directives, we also have <strong>open banking standards that are implementation guidelines for open banking directives. <\/strong>These specifications vary depending on a world region and local market conditions, but the goal is the same. <a href=\"https:\/\/codeandpepper.com\/products\/open-banking-solutions\">Best open banking solutions<\/a> need to be safe and secure.<\/p>\n\n\n\n<p>When you\u2019re developing a FinTech app, make sure you follow these specific laws:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Open Data ATM API specification in Mexico<\/li><li>API Playbook in Singapore<\/li><li>Open API Standards in Nigeria<\/li><li>Unified Payments Interface in India<\/li><li>The Joint Resolution in Brazil<\/li><li>The Open Banking Policy in Saudi Arabia<\/li><li>The Open Banking Framework in Bahrain<\/li><li>Regulatory Technical Standards (RTS) in the UK<\/li><\/ul>\n\n\n\n<p>Also, make sure to be up-to-date with industry developments. For example, in late 2021, British Financial Conduct Authority (FCA) dropped the 3-month re-authentication requirement. It means that fintechs no longer need to force customers to confirm their identity every 90 days. Under the law, customers who access account information through third-party providers must authenticate their identity via strong customer authentication (SCA) solution. This policy led to customers\u2019 dissatisfaction, confusion, and high drop-out rates.&nbsp;<\/p>\n\n\n\n<p>It\u2019s especially important in the context of <a href=\"https:\/\/codeandpepper.com\/services\/digital-transformation-it-services\">digital transformation<\/a>. If your company is experiencing bottlenecks in business development, simple compliance will help but it\u2019s not the only factor. Don\u2019t chase far sparks in the wind, bet on proven solutions. If you want to transform your business, cooperate with companies that understand what is needed for market success. The technological aspect is one thing, implementing policies is another.<\/p>\n\n\n\n<p>Also, pay attention to initiatives like the <strong>Open Banking Standard<\/strong> launched in the UK by Open Banking Working Group (OBWG). This particular effort works towards making customers understand their account options and choices they made about finances.&nbsp;<\/p>\n\n\n\n<p>There are also other, interesting and important open banking standards. Some of them are under development.<\/p>\n\n\n\n<p>The <strong>Open Financial Exchange (OFX<\/strong>). This is a leading banking standard for access to financial data. It\u2019s used by over 7,000 financial institutions and providers. It supports financial data exchange. Interesting fact: it supports OAuth tokenized authentication model.<\/p>\n\n\n\n<p>The <strong>Durable Data API (DDA).<\/strong> This one was created by the working group from the Financial Services Sharing and Information Sharing and Analysis Center (FS-ISAC). The goal is to improve data exchange related to OFX.&nbsp;<\/p>\n\n\n\n<p>The <strong>Convenient Access to Payment Services (CAPS<\/strong>). This is a very interesting case. It\u2019s a coalition of stakeholders touched by technical, business, and operational issues caused by PSD2 in the entire Europe. Participants are mostly solution providers, and they work to create a framework for the future. Among them are traditional banks, fintechs, corporations, and service providers.<\/p>\n\n\n\n<section id=\"Local authorities on open banking regulations and payment service provider licenses\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #Local authorities on open banking regulations and payment service provider licenses {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-local-authorities-on-open-banking-regulations-and-payment-service-provider-licenses\">Local authorities on open banking regulations and payment service provider licenses<\/h2>\n\n\n\n<p>This is a selected list of national authorities that are responsible for issuing open banking regulations, including open banking API standards.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Germany \u2013 <a href=\"https:\/\/www.bafin.de\/EN\/Homepage\/homepage_node.html\" rel=\"nofollow\">Federal Financial Supervisory Authority<\/a><\/li><li>France \u2013 <a href=\"https:\/\/acpr.banque-france.fr\/en\/page-sommaire\/about-acpr\" rel=\"nofollow\">Prudential Supervisory and Resolution Authority<\/a><\/li><li>Spain \u2013 <a href=\"https:\/\/www.bde.es\/bde\/en\" rel=\"nofollow\">Bank of Spain<\/a><\/li><li>Greece \u2013 <a href=\"https:\/\/www.bankofgreece.gr\/en\/homepage\" rel=\"nofollow\">Bank of Greece<\/a><\/li><li>Italy \u2013 <a href=\"https:\/\/www.bancaditalia.it\/homepage\" rel=\"nofollow\">Bank of Italy<\/a><\/li><li>Poland \u2013 <a href=\"https:\/\/www.knf.gov.pl\/en\" rel=\"nofollow\">Polish Financial Supervision Authority<\/a><\/li><li>Sweden \u2013 <a href=\"https:\/\/www.fi.se\/en\" rel=\"nofollow\">Swedish Financial Supervisory Authority<\/a><\/li><li>Portugal \u2013 <a href=\"https:\/\/www.bportugal.pt\/en\" rel=\"nofollow\">Bank of Portugal<\/a><\/li><li>Finland \u2013 <a href=\"https:\/\/www.finanssivalvonta.fi\/en\" rel=\"nofollow\">Finnish Financial Supervisory Authority<\/a><\/li><li>Denmark \u2013 <a href=\"https:\/\/www.dfsa.dk\" rel=\"nofollow\">Danish Financial Supervisory Authority<\/a><\/li><li>Iceland \u2013 <a href=\"https:\/\/www.cb.is\" rel=\"nofollow\">Central Bank of Iceland<\/a><\/li><li>Netherlands \u2013 <a href=\"https:\/\/www.dnb.nl\/en\" rel=\"nofollow\">The Netherlands Bank<\/a><\/li><li>Croatia \u2013 <a href=\"https:\/\/www.hnb.hr\/en\/home\" rel=\"nofollow\">Croatian National Bank<\/a><\/li><\/ul>\n\n\n\n<section id=\"Why are open banking directives important?\" class=\"hidden-block\"><\/section>\n\n<style type=\"text\/css\">\n  #Why are open banking directives important? {\n    visibility: hidden !important;\n  }\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-are-open-banking-directives-important\">Why are open banking directives important?<\/h2>\n\n\n\n<p>Contrary to a popular belief, their nature doesn\u2019t have to be purely regulative. These standards were developed, with newly issued almost every year, to help civilize the market and protect vital consumers\u2019 interests.<\/p>\n\n\n\n<p>These standards:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>strengthen consumer privacy and control over data<\/li><li>expand financial inclusion (especially in emerging markets and in Africa)<\/li><li>improve rules for competition<\/li><li>increase consumer choices<\/li><\/ul>\n\n\n\n<p>In a nutshell \u2013 FinTech stakeholders cooperate to compete on healthy principles. These laws are not oppressive, they are merely pro-active regulators. With them, everybody wins. The real question is \u2013 can your application compete on equal terms? A lot depends on <a href=\"https:\/\/codeandpepper.com\/services\/api-development\">API development<\/a> and your willingness to scale the business according to long-term market changes.<\/p>\n\n\n\n\n\n<section id=\"contact\" class=\"contact-block block common-block alignfull\">\n  <div class=\"container\">\n\n\n    \n  <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n\n<h2 class=\"block-title section-title\">\n  Let&#8217;s talk about your project<\/h2>\n\n\n  <div class=\"block-description typography-body\">\n    <p>How can your business benefit from open banking? Our experts will help you explore the possibilities.<\/p>\n  <\/div>\n\n    \n          <div class=\"contact-block-person\">\n        <img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"90\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web.jpg\" class=\"contact-block-person-image\" alt=\"Jacek Kosciesza portrait\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web.jpg 1200w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-300x300.jpg 300w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-1024x1024.jpg 1024w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-150x150.jpg 150w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-768x768.jpg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-209x209.jpg 209w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-140x140.jpg 140w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-250x250.jpg 250w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-100x100.jpg 100w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-700x700.jpg 700w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-864x864.jpg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/09\/jacek-kosciesza-web-432x432.jpg 432w\" sizes=\"auto, (max-width: 90px) 100vw, 90px\" \/>        <div class=\"contact-block-person-text\">\n          <div class=\"typography-title-m\">\n            Jacek          <\/div>\n          <div class=\"typography-body-medium\">\n            CTO          <\/div>\n        <\/div>\n      <\/div>\n    \n\n    <form class=\"contact-form\" method=\"POST\" action=\"https:\/\/codeandpepper.com\/wp-admin\/admin-ajax.php\">\n            <amp-recaptcha-input layout=\"nodisplay\" name=\"recaptcha_token\" data-sitekey=\"6LeEo8cqAAAAABpahzrYQeEsO-xoutAjoIkrKpTB\" data-action=\"contact_block\"><\/amp-recaptcha-input>\n            <input type=\"hidden\" name=\"action\" value=\"contact_block_submit\" \/>\n      <input type=\"hidden\" name=\"block\" value=\"smallContactForm\" \/>\n      <input id=\"contact-email\" type=\"email\" name=\"email\" placeholder=\"Email\" class=\"gtm_form_input\" required>\n      <label for=\"contact-email\" class=\"contact-block-hidden-label\">Email<\/label>\n      <input id=\"contact-name\" type=\"text\" name=\"name\" placeholder=\"Full name\" class=\"gtm_form_input\" required>\n      <label for=\"contact-name\" class=\"contact-block-hidden-label\">\n        Full name      <\/label>\n\n      <input type=\"submit\" name=\"submit\" value=\"Contact us\" class=\"gtm_form_submit btn-big\">\n\n      <div submitting>\n      <\/div>\n      <div id=\"TYPSmallForm\" class=\"submit-msg submit-success\" submit-success>\n        <template type=\"amp-mustache\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"26\" height=\"26\" viewBox=\"0 0 26 26\">\n    <g fill=\"none\" fill-rule=\"evenodd\">\n        <g stroke=\"#FFF\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" transform=\"translate(1 1)\">\n            <path d=\"M17 8.5l-7.5 7L7 13\"\/>\n            <circle cx=\"12\" cy=\"12\" r=\"11.5\"\/>\n        <\/g>\n        <path d=\"M1 1h24v24H1z\"\/>\n    <\/g>\n<\/svg>\n          Your message has been sent. We will get back to you as soon as possible.\n        <\/template>\n      <\/div>\n      <div id=\"ErrorSmallForm\" class=\"submit-msg submit-error\" submit-error>\n        <template type=\"amp-mustache\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"25\" viewBox=\"0 0 25 25\">\n    <g fill=\"none\" fill-rule=\"evenodd\">\n        <g stroke=\"currentColor\" stroke-linejoin=\"round\">\n            <path stroke-linecap=\"round\" stroke-width=\"2\" d=\"M23.498 12.31c.105 6.075-4.923 11.086-10.998 11.192-6.074.104-10.893-4.734-10.998-10.81C1.396 6.619 6.426 1.606 12.5 1.502c6.074-.106 10.893 4.734 10.998 10.808zM12.5 14V7\"\/>\n            <path fill=\"currentColor\" stroke-width=\"1.5\" d=\"M13 17.5a.5.5 0 0 1-1 0 .5.5 0 0 1 1 0z\"\/>\n        <\/g>\n        <path d=\"M1 0h24v24H1z\"\/>\n    <\/g>\n<\/svg>\n          Oops! Something went wrong. Please try again later.\n        <\/template>\n      <\/div>\n    <\/form>\n\n\n  <\/div>\n<\/section>\n<style type=\"text\/css\">\n  #contact {\n    background: #009fe3;\n    color: #FFFFFF;\n  }\n\n  #contactsvg {\n    color: #ffffff;\n  }\n<\/style>\n\n<section id=\"related-posts-block_627012f0f3367\" class=\"related-posts-block block common-block alignfull\">\n  <div class=\"container\">\n\n\n    \n  <svg class=\"wave\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"280\" height=\"9\" viewBox=\"0 0 280 9\">\n    <path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M0 3.6c2.88 0 4.18-.668 5.824-1.515C7.724 1.108 9.879 0 13.998 0c4.12 0 6.274 1.108 8.175 2.085 1.644.847 2.943 1.515 5.823 1.515 2.88 0 4.179-.668 5.824-1.515C35.72 1.108 37.874 0 41.995 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.824 1.515 2.88 0 4.18-.668 5.826-1.515C63.719 1.108 65.873 0 69.993 0c4.12 0 6.274 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.18-.668 5.825-1.515C91.715 1.108 93.87 0 97.99 0c4.12 0 6.273 1.108 8.174 2.085 1.645.847 2.945 1.515 5.823 1.515 2.88 0 4.178-.668 5.824-1.515 1.9-.977 4.054-2.085 8.173-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.055-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.88 0 4.179-.668 5.824-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.274 1.108 8.175 2.085 1.646.847 2.946 1.515 5.826 1.515 2.88 0 4.18-.668 5.826-1.515 1.9-.977 4.054-2.085 8.175-2.085 4.12 0 6.273 1.108 8.174 2.085 1.646.847 2.945 1.515 5.825 1.515 2.881 0 4.18-.668 5.827-1.515 1.9-.977 4.056-2.085 8.176-2.085 4.121 0 6.276 1.108 8.177 2.085 1.646.847 2.946 1.515 5.827 1.515s4.181-.668 5.828-1.515C259.718 1.108 261.873 0 265.995 0c4.121 0 6.275 1.108 8.177 2.084 1.645.848 2.946 1.516 5.828 1.516V9h-.007l-5.252-.793c-1.129-.382-2.056-.848-2.919-1.291-1.646-.847-2.946-1.516-5.827-1.516-2.882 0-4.183.669-5.829 1.516-1.9.977-4.056 2.084-8.177 2.084-4.12 0-6.275-1.107-8.176-2.084-1.647-.847-2.947-1.516-5.828-1.516-2.88 0-4.18.669-5.827 1.516-1.9.977-4.055 2.084-8.176 2.084-4.12 0-6.273-1.107-8.175-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.826 1.516c-1.9.977-4.055 2.084-8.175 2.084-4.12 0-6.275-1.107-8.176-2.084-1.644-.847-2.945-1.516-5.825-1.516-2.88 0-4.18.669-5.825 1.516-1.9.977-4.054 2.084-8.174 2.084-4.12 0-6.274-1.107-8.176-2.084-1.644-.847-2.943-1.516-5.823-1.516-2.88 0-4.18.669-5.826 1.516-1.9.977-4.054 2.084-8.175 2.084-4.12 0-6.274-1.107-8.174-2.084-1.646-.847-2.946-1.516-5.825-1.516s-4.179.669-5.824 1.516c-1.9.977-4.053 2.084-8.173 2.084s-6.273-1.107-8.173-2.084c-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.179.669-5.824 1.516C90.265 7.893 88.11 9 83.99 9c-4.12 0-6.273-1.107-8.173-2.084-1.645-.847-2.944-1.516-5.824-1.516s-4.18.669-5.825 1.516C62.268 7.893 60.113 9 55.993 9c-4.12 0-6.274-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516-2.88 0-4.18.669-5.825 1.516C34.27 7.893 32.116 9 27.996 9c-4.12 0-6.273-1.107-8.174-2.084-1.645-.847-2.945-1.516-5.824-1.516s-4.179.669-5.824 1.516C7.311 7.359 1.127 8.618 0 9\"\/>\n<\/svg>\n\n<h2 class=\"block-title section-title\">\n  Related posts<\/h2>\n\n\n\n    <div>\n      <div class=\"related-posts\">\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/open-banking-apps-review\/\" title=\"Open Banking Apps Review: 5 Market Leaders\">\n                Open Banking Apps Review: 5 Market Leaders              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"Open Banking Apps Review: 5 Market Leaders\" href=\"https:\/\/codeandpepper.com\/open-banking-apps-review\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review.jpg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"Open_banking\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review.jpg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-768x400.jpg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-80x42.jpg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-119x62.jpg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-433x226.jpg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-192x100.jpg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-720x375.jpg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2020\/05\/Open-Banking-Apps-Review-432x225.jpg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              These top third-party open banking apps provide real-time data insights to facilitate payments and enhance customer experience.            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/open-banking-apps-review\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/top-9-open-banking-platforms-in-2022\/\" title=\"Top 8 Open Banking Providers\">\n                Top 8 Open Banking Providers              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"Top 8 Open Banking Providers\" href=\"https:\/\/codeandpepper.com\/top-9-open-banking-platforms-in-2022\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms.jpg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"Open Banking Platforms\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms.jpg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-768x400.jpg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-80x42.jpg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-119x62.jpg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-433x226.jpg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-192x100.jpg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-720x375.jpg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/03\/Open-Banking-Platforms-432x225.jpg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              These open banking platforms help FinTech companies to integrate open banking technology for the greater good of the industry.            <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/top-9-open-banking-platforms-in-2022\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n                  <div class=\"related-post\">\n            <h3 class=\"related-post-title typography-title-m\">\n              <a href=\"https:\/\/codeandpepper.com\/api-first-design\/\" title=\"API-first Design. A Boost for Customer Experience\">\n                API-first Design. A Boost for Customer Experience              <\/a>\n            <\/h3>\n                          <a class=\"related-post-thumbnail\" aria-label=\"API-first Design. A Boost for Customer Experience\" href=\"https:\/\/codeandpepper.com\/api-first-design\/\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"189\" src=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience.jpeg\" class=\"attachment-blog-thumbnail size-blog-thumbnail wp-post-image\" alt=\"What is api first development\" srcset=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience.jpeg 864w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-768x400.jpeg 768w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-80x42.jpeg 80w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-119x62.jpeg 119w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-433x226.jpeg 433w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-192x100.jpeg 192w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-720x375.jpeg 720w, https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/API_Boost-for-Customer-Experience-432x225.jpeg 432w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>              <\/a>\n                        <p class=\"related-post-description typography-body-smaller\">\n              What is API-first design and how it defines software development? What good practices can you follow?             <\/p>\n            <a class=\"plus-link\" href=\"https:\/\/codeandpepper.com\/api-first-design\/\">\n              <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"17\" height=\"17\" viewBox=\"0 0 17 17\">\n    <path d=\"M7 0h3v17H7z\"\/>\n    <path d=\"M17 7v3H0V7z\"\/>\n<\/svg>\n              <span>Full Article<\/span>\n            <\/a>\n          <\/div>\n              <\/div>\n    <\/div>\n\n\n  <\/div>\n<\/section>\n\n<style type=\"text\/css\">\n  #related-posts-block_627012f0f3367 {\n    background: ;\n    color: ;\n  }\n\n  #related-posts-block_627012f0f3367 .block-title {\n    color: ;\n  }\n<\/style>","protected":false},"excerpt":{"rendered":"<p>\u201cOpen banking standards\u201d is a term used for technologies and regulations used to provide third-party service providers consumer\u2019s banking data. This data can be used in many ways. To provide and keep operational things like web and mobile apps, financial services, and more. To make it all possible, governments issued open banking standards and open<a class=\"moretag\" href=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\"> Read the full article&#8230;<\/a><\/p>\n","protected":false},"author":20413,"featured_media":36202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1688],"tags":[1706,1654,173],"class_list":["post-35590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech-business","tag-fintech-industry","tag-fintech-software-development","tag-software-development-process"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open Banking API Standards &amp; Regulations 2022 | Code &amp; Pepper<\/title>\n<meta name=\"description\" content=\"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Banking API Standards &amp; Regulations 2022 | Code &amp; Pepper\" \/>\n<meta property=\"og:description\" content=\"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Code &amp; Pepper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/codeandpepper\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-03T07:49:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-10T06:20:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:site\" content=\"@codeandpepper\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jaros\u0142aw \u015aci\u015blak\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\"},\"author\":{\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\"},\"headline\":\"Open Banking API Standards &#038; Regulations 2022\",\"datePublished\":\"2022-05-03T07:49:59+00:00\",\"dateModified\":\"2022-05-10T06:20:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\"},\"wordCount\":1336,\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\",\"keywords\":[\"FinTech industry\",\"FinTech software development\",\"Software development process\"],\"articleSection\":[\"FinTech Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\",\"url\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\",\"name\":\"Open Banking API Standards & Regulations 2022 | Code &amp; Pepper\",\"isPartOf\":{\"@id\":\"https:\/\/codeandpepper.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\",\"datePublished\":\"2022-05-03T07:49:59+00:00\",\"dateModified\":\"2022-05-10T06:20:58+00:00\",\"description\":\"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.\",\"breadcrumb\":{\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg\",\"width\":864,\"height\":450,\"caption\":\"Open banking api standards\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/codeandpepper.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Open Banking API Standards &#038; Regulations 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/codeandpepper.com\/#website\",\"url\":\"https:\/\/codeandpepper.com\/\",\"name\":\"Code & Pepper\",\"description\":\"FinTech Developers\",\"publisher\":{\"@id\":\"https:\/\/codeandpepper.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/codeandpepper.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/codeandpepper.com\/#organization\",\"name\":\"Code & Pepper\",\"url\":\"https:\/\/codeandpepper.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"contentUrl\":\"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png\",\"width\":319,\"height\":144,\"caption\":\"Code & Pepper\"},\"image\":{\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/codeandpepper\/\",\"https:\/\/x.com\/codeandpepper\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885\",\"name\":\"Jaros\u0142aw \u015aci\u015blak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g\",\"caption\":\"Jaros\u0142aw \u015aci\u015blak\"},\"description\":\"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jaroslawscislak\"],\"url\":\"https:\/\/codeandpepper.com\/author\/jarek-scislak\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Open Banking API Standards & Regulations 2022 | Code &amp; Pepper","description":"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/","og_locale":"en_US","og_type":"article","og_title":"Open Banking API Standards & Regulations 2022 | Code &amp; Pepper","og_description":"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.","og_url":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/","og_site_name":"Code &amp; Pepper","article_publisher":"https:\/\/www.facebook.com\/codeandpepper\/","article_published_time":"2022-05-03T07:49:59+00:00","article_modified_time":"2022-05-10T06:20:58+00:00","og_image":[{"width":864,"height":450,"url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg","type":"image\/jpeg"}],"author":"Jaros\u0142aw \u015aci\u015blak","twitter_card":"summary_large_image","twitter_creator":"@codeandpepper","twitter_site":"@codeandpepper","twitter_misc":{"Written by":"Jaros\u0142aw \u015aci\u015blak","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#article","isPartOf":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/"},"author":{"name":"Jaros\u0142aw \u015aci\u015blak","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885"},"headline":"Open Banking API Standards &#038; Regulations 2022","datePublished":"2022-05-03T07:49:59+00:00","dateModified":"2022-05-10T06:20:58+00:00","mainEntityOfPage":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/"},"wordCount":1336,"publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"image":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg","keywords":["FinTech industry","FinTech software development","Software development process"],"articleSection":["FinTech Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/","url":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/","name":"Open Banking API Standards & Regulations 2022 | Code &amp; Pepper","isPartOf":{"@id":"https:\/\/codeandpepper.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage"},"image":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage"},"thumbnailUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg","datePublished":"2022-05-03T07:49:59+00:00","dateModified":"2022-05-10T06:20:58+00:00","description":"Compliance to open banking standards and regulations is crucial for business. Read to learn more about current law.","breadcrumb":{"@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#primaryimage","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2022\/04\/Open-Banking-API.jpeg","width":864,"height":450,"caption":"Open banking api standards"},{"@type":"BreadcrumbList","@id":"https:\/\/codeandpepper.com\/open-banking-api-standards-regulations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/codeandpepper.com\/"},{"@type":"ListItem","position":2,"name":"Open Banking API Standards &#038; Regulations 2022"}]},{"@type":"WebSite","@id":"https:\/\/codeandpepper.com\/#website","url":"https:\/\/codeandpepper.com\/","name":"Code & Pepper","description":"FinTech Developers","publisher":{"@id":"https:\/\/codeandpepper.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/codeandpepper.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/codeandpepper.com\/#organization","name":"Code & Pepper","url":"https:\/\/codeandpepper.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/","url":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","contentUrl":"https:\/\/codeandpepper.com\/wp-content\/uploads\/2019\/06\/logo.png","width":319,"height":144,"caption":"Code & Pepper"},"image":{"@id":"https:\/\/codeandpepper.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/codeandpepper\/","https:\/\/x.com\/codeandpepper"]},{"@type":"Person","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/4d99a36115b17f10860637a13b3b3885","name":"Jaros\u0142aw \u015aci\u015blak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/codeandpepper.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab028da5fc780b19966f305918b0045520176e8bc7c265540adcce45ab2cd0c9?s=96&d=mm&r=g","caption":"Jaros\u0142aw \u015aci\u015blak"},"description":"Branding, marketing, business scaling, content &amp; company culture specialist. Over 20 years of experience in marketing, strategy, and writing. Learn more by visiting: scislak.com","sameAs":["https:\/\/www.linkedin.com\/in\/jaroslawscislak"],"url":"https:\/\/codeandpepper.com\/author\/jarek-scislak\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/35590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/users\/20413"}],"replies":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/comments?post=35590"}],"version-history":[{"count":14,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/35590\/revisions"}],"predecessor-version":[{"id":36572,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/posts\/35590\/revisions\/36572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media\/36202"}],"wp:attachment":[{"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/media?parent=35590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/categories?post=35590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/codeandpepper.com\/wp-json\/wp\/v2\/tags?post=35590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}