Open Banking Working Group

HM Treasury written question – answered on 2nd December 2015.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Innovation and Skills), Shadow Minister (Culture, Media and Sport)

To ask Mr Chancellor of the Exchequer, what consumer organisations have been involved in the work of the Open Banking Working Group; and when that group is expected to report.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

A list of the Open Banking Working Group (OBWG) participants was published on 23 November, setting out the organisations which are directly involved in designing the detailed framework for the open Application Programming Interface (API) standard in UK banking by the end of the year. The OBWG will publish its final report on 30 December. More detail is available on the Open Data Institute’s website.

A number of consumer organisations have participated in the development of the framework for the open API standard: the Money Advice Service is a direct member of the OBWG, and Citizens Advice and Which? have participated in discussions about its design.

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