Account and Transaction Protocol of the Open Banking Standard

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Abstract

To counteract the lack of competition and innovation in the financial services industry, the EU has issued the Second Payment Services Directive (PSD2) encouraging account servicing payment service providers to share data. The UK, similarly to other European countries, has promoted a standard API for data sharing: the Open Banking Standard. We present an overview of the results of a formal security analysis of the Account and Transaction API protocol.

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APA

Almehrej, A., Freitas, L., & Modesti, P. (2020). Account and Transaction Protocol of the Open Banking Standard. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 12071 LNCS, pp. 230–236). Springer. https://doi.org/10.1007/978-3-030-48077-6_16

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