Open Banking – Variable Scopes – Multi-Scope Tokens

Open Banking: Variable Scopes, Multi-Scope Tokens

Tuesday 3H

Convener: Nick Thomas & Don Thibeau

Notes-taker(s): Nick Thomas

Tags for the session - technology discussed/ideas considered:

Discussion notes, key understandings, outstanding questions, observations, and, if appropriate to this discussion: action items, next steps:

Nick Thomas (Finicity Co-founder, Founding Board Member @ Financial Data Exchange (FDX)) and Don Thibeau (Chair, Open ID Foundation) shared the history of Consumer-Permissioned Data standards leading to the FDX API v3 and the complimentary OpenID FAPI profile for Authentication and Authorization. 

We shared the momentum behind FDX with 52 member organizations, including the largest banks in North America, the major aggregators, and major permissions parties. https://financialdataexchange.org/pages/members

Discussed ideas around how to solve for the dynamic issuance of multiple time-bound tokens without requiring the consumer to login each time a new scope was requested.