Open Bank Project

We aim to create a RESTful API so that banks and their customers can securely and cost effectively adopt Web 2.0, Open Source and 3rd party tools, services and strategies. We want to promote greater openness to financial data.

Enables a diverse range of software applications and services to securely interact with transaction data.
Desktop, web and mobile applications; fraud detection systems, mobile payment and micro-credit gateways could all consume the OBP API.
In Europe, over €30 Billion are lost to fraud and corruption each year.
2007–2010 Financial Crisis is the worse since the 1930's great depression.
78% of European citizens think corruption is a problem in their own country.
An EU initiated IT project with world wide aspirations and social dimensions..

www.openbankproject.com
We propose a sliding scale of privacy / disclosure for different organisations and groups of users.
We aim to raise the bar of financial transparency.
RESTful API (application programmers interface) leads to more choice, better quality, secure, cost effective applications.
Opening transactions to wider groups of people and software applications.
Today
+ Web 2.0
Internet Standards (RFC)
Open Source
Crowd Sourcing
RESTful API
The Open Bank Project

For Banks

Banks can provide a greater range of services securely and cost effectively and promote greater transparency and interoperability.

For Businesses

Businesses can access their accounts with a greater range of tools and services and expose data to key stake holders.

For Individuals and Society

The Public can access transaction data of publicly funded bodies leading to greater transparency, confidence and engagement.

Project Status

A consortium of banks, software companies, universities and open source and web 2.0 experts has applied for EU funding and realise the project. In parallel, TESOBE is developing a prototype, the source code of which is available on github. We host a mailing list / group on eviscape. Please contact us if you are interested in helping out.