What is the Open Banking Implementation Entity (OBIE)?
The Open Banking Implementation Entity, or Open Banking Ltd, was set up by the CMA to design and implement Open Banking in the UK. The OBIE worked with the CMA9 and other stakeholders, such as Yolt, to develop standards and definitions for the APIs, security and other elements of the Open Banking ecosystem. In addition, they facilitated the cooperation between TPPs and the CMA9.