Open Banking is here!

What it is Open banking is a secure way for you to use financial products and services from regulated apps and services. As a financial services term and part of financial technology, it refers to the use of Open APIs (often also referred to as public API – publicly...

Looking ahead to 2018

Looking ahead to 2018 With 2017 quickly drawing to a close it seems a good time to reflect on where we are with Open Banking ahead of January’s implementation date. To recap, Open Banking has been developed following a lack of competition among the primary banks...

Getting PSD2 Ready

Getting PSD2 Ready Since the second payment service directive (PSD2) was announced, The ID Co. has been pursuing direct APIs to expand and enhance European bank coverage and provide DirectID service faster and more seamlessly than ever before. Companies that want to...

Paving the way for global Open Banking standards

Paving the way for global Open Banking standards Open Banking comes into effect as of January 2018 forcing the main 9 banks in the UK to grant access to consumer financial data by means of direct APIs, allowing consumers to utilise their data to do more online. In...