What is 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. OBP also offers an API management solution and a catalogue of over 200 pre-built banking APIs. Clients also gain access to OBP’s vibrant and global community of over 10,000 fintech developers & startups and their apps, ready for leverage by banks.

Open Bank Project middleware lives on-site behind the bank firewall, connects to the bank back-end and exposes a set of modern and fintech-friendly APIs.

It comes with:

  • bank-specific API Gateway
  • pre-built API catalogue
  • API portal & enhanced developer experience
  • sandbox environment
  • pre-defined core-banking connectors
  • strong Customer Authentication Server

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 an idea of the 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 an existing stack of highly secure Open Banking APIs management solution, based upon more than seven years of OBP development. For faster integration with existing client infrastructure, OBP architecture is enterprise-grade and highly modular.

+10,000 thriving global developer community and third party partners

We’ve built a worldwide community of over 10,000 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 PFM to chatbots from Asia.

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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