Open Banking is a reform, called for by the Competitions & Market Authority (CMA), which mandates Monese and the eight other largest current account providers (CMA9) to securely share customer account data and initiate payments with registered third party providers (TPPs) provided the customer has given their consent.
Please find more information at Open Banking
These Open Data APIs allow API providers (e.g. banks, building societies and ATM providers) to develop API endpoints for products, branches and ATMs data which can then be accessed by anyone.
These read/write APIs provide the ability for approved/authorised account information service providers (AISPs) to access a customer’s (payment service user, PSU) account and transaction information for domestic business current accounts (BCAs) and personal current accounts (PCAs), only when the PSU grants consent. This API is developed according to the Open Banking Read/Write API Specifications, see https://www.openbanking.org.uk/
These read/write APIs provide the ability for authorised payment initiation service providers (PISPs) to initiate domestic payments, setup new domestic scheduled payments & domestic standing orders, only when the PSU grants consent. This API is developed according to the Open Banking Read/Write API Specifications, see https://www.openbanking.org.uk/
Ths read/write API allow a Card Based Payment Instrument Issuer ('CBPII') to make a request to confirm funds are available. This API is developed according to the Open Banking Read/Write API Specifications, see https://www.openbanking.org.uk/
A TPP, Third Party Provider, can perform the following roles once they are registered with their National Competent Authority (NCA):
Account Information Service Provider (AISP)
Payment Initiation Service Provider (PISP)
Technical Service Provider (TSP)
Card Based Payment Instrument Issuer (CBPII)
As a TPP, in order to access our Read/Write APIs, you need to be enrolled with Open Banking (Enrolling Onto Open Banking Guide) and registered with the Financial Conduct Authority (FCA) or a National Competent Authority (NCA), as either an AISP and/or PISP, TSP or CBPII.
This will then enable you to access our APIs through the Monese Developer Portal
Yes, Monese has a test facility ../40-sandbox.md available through our Developer Portal. This will be made available in March 2019.
Check out our [../20-getting-started.md](Get Started) guide for a step by step guide on how to start testing with our Sandbox APIs.
There are full specifications provided by OBIE available on their [https://openbanking.atlassian.net/wiki/spaces/DZ/overview](Developer Zone) from which we’ve built our APIs.
(1) Make sure you have registered your SSA in Monese Developer Portal and the subscription of the Accounts Service Provider API and/or Payments Service Provider API is approved by Monese
(2) Make sure you are following client_secret_post for the OIDC calls
(3) Make sure you are sending client_id & client_secret as part of x-www-form-urlencoded body parameter
Check that you are using the correct network certificate signed by Open Banking to establish the TLS MA connection