obconnect

TPP Software for Corporates

What is TPP for Corporates?

obconnect is an FCA Regulated TPP (Third Party Provider). We provide a Software solution to enable existing regulated TPPs to access Open Banking Banks (across AISP and PISP). We also offer the ability for Corporates to access Open Banking through our Agent capability whereby a Corporate can apply to become and obconnect FCA regulated Agent which opens up a world of opportunity in the Corporate Open Banking Software.

How TPP for Corporates works

obconnect operates within the rigorous standards set forth by Open Banking, which includes a robust security framework, standardised API specifications, and customer experience user journey guidelines. We provide everything you need in one simple API

Connectivity

Using a simple API to access obconnect Open Banking TPP Framework. From there you will be able to access all Open Banking banks and build your Open Banking business propositions using TPP Software.

Account Information (AISP)

Access to a full suite of Account Information services to support your Business proposition. Plug into the obconnect Open Banking framework and once consented by the customer retrieve the appropriate data.

Payment Initiation

One of the fastest growing areas of Open Banking. obconnect are processing over 2,000,000 Payments per year in its PISP Payment Service. Tap into a proven, secure and efficient payment system for initiating transactions.

Benefits of TPP for corporates

Building an Open Banking compliance architecture is complex. It demands specific skills and a deep understanding of cloud-based technology, APIs, and how these relate to Open Banking security and functional performance. obconnect offers:

Open Banking Access Acceleration

By using obconnect’s TPP Software regulated TPPs or corporations get immediate access to the Open Banking Bank connectivity.

Ease of use

Simple API connectivity to a wide range of Open Banking services.

Versatility

All functions of Open Banking are supported across all Open Banking Banks. Including AISP, PISP CBPII and CoP.

Secure and Safe

Highly secure to Open Banking standards including FAPI Open ID. Including compliance with Open Banking Functional and Security Standards.

Compliance at the heart of all we do

All systems comply with the latest Security and Compliance needs giving you comfort at all times. These include ISO27001, SOC2 and Cyber Essentials.

Frequently asked questions – FAQ

What is a TPP?

A TPP, or Third Party Provider, refers to entities authorised to access or aggregate financial information and initiate payments on behalf of customers within the Open Banking framework. TPP software leverages Open Banking APIs to securely interact with financial institutions, offering innovative financial services and solutions that go beyond traditional banking capabilities.

How does TPP work?

TPP software operates by connecting with banks' APIs under the Open Banking regulation, which allows these third-party applications to access financial data and perform transactions with explicit customer consent. An Open Banking TPP can aggregate financial information from multiple accounts into a single platform for a consolidated view or initiate payments directly from the user's bank account, facilitating a seamless and integrated financial experience for both individuals and corporates.

What are the benefits of TPP for corporates?

The benefits of utilising TPP software for corporates include enhanced financial management, improved efficiency in payments and transactions, and access to a broader range of financial services tailored to business needs. Open Banking TPP solutions offer corporates the ability to streamline their financial operations, gain real-time insights into their financial status, and leverage innovative financial products and services that can drive growth and operational excellence.