Open Banking Working Group: Terms of Reference

The Open Banking Working Group – a collective of banking, open data and FinTech professionals – has been formed at the request of the UK Government. Its aim is to develop a framework for adopting an open API standard across banking and explore how open banking will impact consumers, regulators and industry.

This initiative builds upon the UK Government’s prior call for evidence on data sharing and open data in banking.

The document below sets out the Terms of Reference for the Open Banking Working Group.