What is the Open Bank Project middleware?

The Open Bank Project (OBP) is the leading open source API solution for banks.

OBP enables financial institutions to securely and rapidly provide their customers with access to an ecosystem of 3rd party apps and services.

It offers a catalogue of over 319 pre-built banking APIs – and an API Manager to manage these APIs and create bespoke APIs.

Clients gain access to OBP’s vibrant and global community of over 11,000 fintech developers & startups and their Apps, ready for leverage by banks.

Open Bank Project middleware lives on-premise behind the bank’s firewall or in the cloud. Mixed on-prem & cloud installations are possible.

OBP connects to the bank’s back-end systems and third party APIs and exposes a rich set of modern and fintech-friendly APIs.

It comes with:

  • over 319 ready-to-use APIs that support many banking and fintech use cases
  • a high performance, highly secure API Gateway
  • a developer friendly self service API portal
  • a fully persistant sandbox (think of it as a mini self contained core banking system)
  • flexible and easy-to-use core-banking connectors
  • Strong Customer Authentication (SCA) workflows satisfying PSD2 and similar regulation

How it works

To deploy the OBP middleware, banks usually follows a 6-step process:

Commercial terms – the Open Bank Project is governed by a Software Licence Agreement issued by TESOBE which gives the financial institution the right to use and modify the Open Bank Project instance. The SLA includes liability insurance and access to support and maintenance. TESOBE also offers professional services such as technical integration and fintech community building services. Please reach out to us for pricing.

Unrivalled Open Banking experience

Our successful track record includes over 40 global bank customers in open banking initiatives ranging from design to implementation. We have developed unique and unrivalled expertise in Open Banking & PSD2 – OBP technology has been used by BNP Paribas, Société Générale, RBS, Unicredit and a range of other leading banks.

Flexible architecture

We provide a ready-to-use stack of highly secure Open Banking APIs and connectivity to Core Banking Systems (CBS) which can be configured in real time. Based on ten years of agile and considered development, our software stack has evolved to allow complex integrations to be completed quickly. OBP API is enterprise-grade and highly modular.

+11,000 thriving global developer community and third party partners

We’ve built a worldwide community of over 11,000 developers who use our APIs and who are keen to partner with banks. By using OBP solutions, the client can leverage a host of existing fintech Apps ranging from PFMs to chatbots.

Accelerator for legacy integration

Based on best-of-breed technologies, OBP offers a framework which speeds up integration with a variety of back-end banking systems and known core banking software, in particular SOAP and REST services.

Security & compliance

Harnessing years of development experience, OBP has developed a security model that ensures security yet does not negatively impact user and developer experience. On-site deployment together with a mix of industry-standard and continuous security analysis provides an unparalleled level of security for the platform.

Faster time-to-market & cost-effective deployed in less than 6 months

Benefits include lower total cost of ownership and no vendor lock-in by leveraging open source code and existing technology.

Contact us today to learn more and to give it a try.

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