Thursday, January 08, 2015

Ruminating on the Open Bank Project

A colleague of mine introduced me to the 'Open Bank Project'. It's an interesting open source project to create a generic API layer on top of various core banking products. Third-party developers would then use these APIs to build cool mobile and social apps.

The open source project was started by a Berlin based company named Tesobe. Right now, they seem to have successfully built adapters/connectors to 3 German banks and are planning to add connectors for more banks. A full list is given here - https://api.openbankproject.com/connectors-status/

A few sample apps have been built using the Open Bank API - https://openbankproject.com/apps/

I think the concept is interesting, but the challenge would be to build the connectors to the various core banking products out there. Will download the APIs from github and evaluate them further.