Ob Directory Mitigating Open Banking Risk Banfico

OB Directory: Mitigating Open Banking Risk - Banfico

OB Directory: Mitigating Open Banking Risk - Banfico Banfico’s ob directory provides a single and compliant source of standardised information about active regulated entities that can perform access to account (xs2a) services in europe and the uk. it connects to all nca registers and the european banking authority (eba). Banfico's ob directory solution provides validation checks for aspsp (bank) on third party providers (tpp). validation check include eidas/obie certificates. we provide unlimited api volume usage subject to fair use policy. our solution is built with highly available and scalable architecture.

OB Directory: Mitigating Open Banking Risk - Banfico

OB Directory: Mitigating Open Banking Risk - Banfico Banfico has launched an open banking directory service, improving its open banking portfolio, already being used by communities around the world, says the official press release. Banfico, a fintech company in london, develops open banking regulatory compliance solutions for over 185 financial institutions. utilizing aws and red hat openshift, they created a scalable, secure open banking directory that meets psd2 regulations. The advantages of an open banking directory compliance & risk mitigation our solution complies with mandatory tpp identification checks through the use of eidas and obie certificates. to mitigate fraud, our solution does a real time check on the national competent authority (nca) register. This partnership will allow both banks and tpps to request and manage their open banking certificates (be it qwac/qsealc or obwac/obsealc) through the open banking directory while ensuring regulatory compliance and secure data transmission during financial transactions across europe.

Managing Risk In Open Banking | PDF | Application Programming Interface ...

Managing Risk In Open Banking | PDF | Application Programming Interface ... The advantages of an open banking directory compliance & risk mitigation our solution complies with mandatory tpp identification checks through the use of eidas and obie certificates. to mitigate fraud, our solution does a real time check on the national competent authority (nca) register. This partnership will allow both banks and tpps to request and manage their open banking certificates (be it qwac/qsealc or obwac/obsealc) through the open banking directory while ensuring regulatory compliance and secure data transmission during financial transactions across europe. As open banking adoption picks up, the risk of access to accounts and payments to unauthorised third party providers seem more plausible. 5 million open banking customers in the uk 🇬🇧. The ob directory is a centralised directory that facilitates the issuance of the psd2 certificates and helps in performing the certificate validation as well as regulatory checks for apsps to mitigate potential risks. Banfico has launched an open banking directory service, enhancing its open banking portfolio, already being used by communities around the world. Our ob directory help banks to comply with regulatory certificate checks and also mitigate unnecessary risks in access to account. our mci solution provides a secure interface with tpp identification that conforms to ob and gdpr regulations.

Introducing the open banking Directory