An application programming interface model for open banking ecosystems

Gary S.D. Farrow
Additional contact information
Gary S.D. Farrow: Director, UK

Journal of Payments Strategy & Systems, 2020, vol. 14, issue 1, 75-91

Abstract: This paper proposes a model for an open banking application programming interface (API) ecosystem that supports the expansion of open banking APIs beyond the regulatory minimum. The paper uses specific banking business scenarios as candidates to drive the requirements for a broader set of open banking services. Using the API model framework, specific examples of ‘value-add’ services are identified to support the scenarios. Future market constructs and associated APIs needed to support a burgeoning ecosystem are proposed and elaborated. Barriers to their development and the realisation of a fully functioning open banking ecosystem are also discussed.

Keywords: open banking; PSD2; CMA Order; API economy; payment initiation (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/5437/download/ (application/pdf)
https://hstalks.com/article/5437/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2020:v:14:i:1:p:75-91

Access Statistics for this article

More articles in Journal of Payments Strategy & Systems from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().