Banks and Financial Institutions

Open Banking solutions for Banks & Financial Institutions

For consumers, the benefits of open banking are clear—and younger, digitally native generations already expect them. Letting consumers have ultimate authority over their financial data and allowing them to share with providers of their choosing in a secure standard format promotes the development of new technologies and services. It brings more people into the banking system with greater choices and options while also reducing the time and complexity to access banking services like loans, approvals, and other financing instruments.

Who we work with


Credit unions

Building societies

London branches


Overseas branches

Solutions for Banks & Financial Institutions

Confirmation of Payee
Confirmation of Payee (CoP) is a security measure implemented by banks. It involves the bank cross-checking the name on the account of the recipient when a user initiates a payment or a corporate / bank wants to validate an account. Verifying the account number and sort code, helps ensure that payments are directed to the correct accounts, reducing the risk of fraud and providing enhanced protection for the users.

Bank Compliance Architecture

Open Banking Compliance Architecture is for Banks that need to comply with PSD2 and have chosen the Open Banking standard to achieve this compliance. obconnect provide consultancy services and reference architecture to enable banks to build their own solution. For those who would like to accelerate or keep down cost, obconnect provide a SaaS solution whereby the Bank needs only to connect via simple APIs

Be the first to know?

See some of our latest blogs

Unlocking the Future of Finance with Open Banking

Unlocking the Future of Finance

In today's digital age, the financial industry is undergoing a transformative revolution, and at the heart of this revolution lies

The Financial Revolution You Need to Know

The Financial Revolution You Need

In today's digital era, the financial landscape is rapidly evolving, and one of the most significant developments is open banking.

The Open Banking Challenge Series: Navigating the Cost Considerations of Open Banking Payments

The Open Banking Challenge Series:

In this piece, we embark on an exploration of the intricate dynamics surrounding cost considerations, unveiling potential avenues to surmount