The UK’s Open Banking Implementation Entity (OBIE)

The UK’s Open Banking Implementation Entity (OBIE) is the organization responsible for creating and maintaining the standards and systems that enable secure sharing of financial data between banks and authorized third parties. Its goal is to foster innovation, competition, and better services by allowing trusted companies to access your banking information, with your permission. OBIE ensures these connections are safe, reliable, and comply with regulations, ultimately giving consumers more control over their financial data and enabling new, personalized banking services.