Account and Transaction Protocol of the Open Banking Standard

Abdulaziz Almehrej; Leo Freitas; Paolo Modesti

doi:10.1007/978-3-030-48077-6_16

Account and Transaction Protocol of the Open Banking Standard

Abdulaziz Almehrej, Leo Freitas, Paolo Modesti

Centre for Digital Innovation

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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Abstract

To counteract the lack of competition and innovation in the financial services industry, the EU has issued the Second Payment Services Directive (PSD2) encouraging account servicing payment service providers to share data. The UK, similarly to other European countries, has promoted a standard API for data sharing: the Open Banking Standard. We present an overview of the results of a formal security analysis of the Account and Transaction API protocol.

Original language	English
Title of host publication	Rigorous State-Based Methods, 7th International Conference, ABZ 2020
Editors	Alexander Raschke, Dominique Méry, Frank Houdek
Publisher	Springer International Publishing AG
Number of pages	7
Volume	12071
ISBN (Print)	9783030480769
DOIs	https://doi.org/10.1007/978-3-030-48077-6_16
Publication status	Published - 22 May 2020
Event	ABZ: International Conference on Rigorous State-Based Methods - Ulm, Germany Duration: 27 May 2020 → 29 May 2020 Conference number: 7th

Publication series

Name	LNCS
Publisher	Springer International Publishing
ISSN (Print)	0302-9743

Conference

Conference	ABZ: International Conference on Rigorous State-Based Methods
Abbreviated title	ABZ 2020
Country/Territory	Germany
City	Ulm
Period	27/05/20 → 29/05/20

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10.1007/978-3-030-48077-6_16

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Cite this

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title = "Account and Transaction Protocol of the Open Banking Standard",

abstract = "To counteract the lack of competition and innovation in the financial services industry, the EU has issued the Second Payment Services Directive (PSD2) encouraging account servicing payment service providers to share data. The UK, similarly to other European countries, has promoted a standard API for data sharing: the Open Banking Standard. We present an overview of the results of a formal security analysis of the Account and Transaction API protocol.",

author = "Abdulaziz Almehrej and Leo Freitas and Paolo Modesti",

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booktitle = "Rigorous State-Based Methods, 7th International Conference, ABZ 2020",

address = "Switzerland",

note = "ABZ: International Conference on Rigorous State-Based Methods, ABZ 2020 ; Conference date: 27-05-2020 Through 29-05-2020",

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Almehrej, A, Freitas, L & Modesti, P 2020, Account and Transaction Protocol of the Open Banking Standard. in A Raschke, D Méry & F Houdek (eds), Rigorous State-Based Methods, 7th International Conference, ABZ 2020. vol. 12071, LNCS, Springer International Publishing AG, ABZ: International Conference on Rigorous State-Based Methods, Ulm, Germany, 27/05/20. https://doi.org/10.1007/978-3-030-48077-6_16

Account and Transaction Protocol of the Open Banking Standard. / Almehrej, Abdulaziz; Freitas, Leo; Modesti, Paolo.
Rigorous State-Based Methods, 7th International Conference, ABZ 2020. ed. / Alexander Raschke; Dominique Méry; Frank Houdek. Vol. 12071 Springer International Publishing AG, 2020. (LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - Account and Transaction Protocol of the Open Banking Standard

AU - Almehrej, Abdulaziz

AU - Freitas, Leo

AU - Modesti, Paolo

N1 - Conference code: 7th

PY - 2020/5/22

Y1 - 2020/5/22

N2 - To counteract the lack of competition and innovation in the financial services industry, the EU has issued the Second Payment Services Directive (PSD2) encouraging account servicing payment service providers to share data. The UK, similarly to other European countries, has promoted a standard API for data sharing: the Open Banking Standard. We present an overview of the results of a formal security analysis of the Account and Transaction API protocol.

AB - To counteract the lack of competition and innovation in the financial services industry, the EU has issued the Second Payment Services Directive (PSD2) encouraging account servicing payment service providers to share data. The UK, similarly to other European countries, has promoted a standard API for data sharing: the Open Banking Standard. We present an overview of the results of a formal security analysis of the Account and Transaction API protocol.

U2 - 10.1007/978-3-030-48077-6_16

DO - 10.1007/978-3-030-48077-6_16

M3 - Conference contribution

SN - 9783030480769

VL - 12071

T3 - LNCS

BT - Rigorous State-Based Methods, 7th International Conference, ABZ 2020

A2 - Raschke, Alexander

A2 - Méry, Dominique

A2 - Houdek, Frank

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T2 - ABZ: International Conference on Rigorous State-Based Methods

Y2 - 27 May 2020 through 29 May 2020

ER -

Account and Transaction Protocol of the Open Banking Standard

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