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> It's amazing that we can grant revokable, read-only and audited access to our social accounts, but not our bank accounts. The UK is moving in this direction.
by jackgavigan 11y ago
> It's amazing that we can grant revokable, read-only and audited access to our social accounts, but not our bank accounts.
The UK is moving in this direction. The ODI/Fingleton report into Data Sharing and Open Data for Banks[1] recommended creating a open banking API standard and suggested using OAuth, using Twitter as an example (see p24 of the report). Work has begun on defining the roadmap towards creating an API standard[2].
1: https://www.gov.uk/government/publications/data-sharing-and-open-data-for-banks https://www.gov.uk/government/publications/data-sharing-and-...
2: http://theodi.org/news/open-banking-working-group-uk-experts-impact-consumers-regulators-industry http://theodi.org/news/open-banking-working-group-uk-experts...