FAPI_Meeting_Notes_2020 06 10_Atlantic

FAPI WG Meeting Notes (2020-06-10)

Date & Time: 2020-06-10 14:00 UTC

Location: GoToMeeting https://global.gotomeeting.com/join/321819862

Agenda

• 1.   Roll Call
• 2.   Adoption of Agenda (Nat)
• 3.   Events
  • 3.1.   Identiverse
  • 3.2.   OIDF+FDX Workshop (Don)
  • 3.3.   IMF Institute of International Finance (Don)
  • 3.4.   EU FinTech lab on digital identities (Nat)
  • 3.5.   OSW2020 (Daniel)
  • 3.6.   SIOP Info Exchange (Nat)
• 4.   External Organizations
  • 4.1.   Australia (Stuart/Dima)
  • 4.2.   UK (Chris)
• 5.   Multiple issuers (Dave/Joseph)
• 6.   Drafts Developments
  • 6.1.   FAIP 1.0 (Nat)
  • 6.2.   FAPI 2.0 (Daniel)
• 7.   AOB

The meeting was called to order at 14:__ UTC.

1.   Roll Call

• Attending: Nat, Bjorn, Kosuke, Don, Joseph, Chris, Stuart, Daniel, Allan,Brian, Dima
• Regrets: Dave

2.   Adoption of Agenda (Nat)

• As is.

3.   Events

3.1.   Identiverse

• It seems it is going to use this system. https://onlinexperiences.com/Launch/StudioTest.htm

3.2.   OIDF+FDX Workshop (Don)

• Should hear before the end of week for the scheduling of the June workshop.

3.3.   IMF Institute of International Finance (Don)

• Org meeting later this week and working closely with Santandar.
• FAPI and eKYC WG work to be included.

3.4.   EU FinTech lab on digital identities (Nat)

• Sent out email response this Monday.

3.5.   OSW2020 (Daniel)

• Call for contribution is closed.
• Workshop (3 hours or less) is still open.
• Open Banking / Live workshop of certification may be possible. (Chris and Joseph)
• https://osw2020.com/
• The Financial Data Exchange has indicated an interest in presenting at the OAUTH Security workshop on intermediary identity and end to end encryption (Don)

3.6.   SIOP Info Exchange (Nat)

4.   External Organizations

4.1.   Australia (Stuart/Dima)

• Eventual alignment happening to FAPI 1.0. On some issues, Big 4 and Two recipients seem to be aligned to normative standards like FAPI 1.0 and not CDR.
• Open Banking Round table today where Data61 Banking API Lead Mark Verstege indicated his vision to push towards FAPI 2.0 (or all the specs that form FAPI 2.0).
• In UK, Fintechs never used Sandbox but only live accounts of friends and family to test. So, it took about a year before Open Banking adoption started picking up.
• Ping has just announced CDR sandbox availability https://www.pingidentity.com/en/company/press-releases-folder/2020/consumer-data-right-sandbox-open-banking-australia.html

4.2.   UK (Chris)

• On track for ver. 3.1. Only small change for account switching from one bank to another. CASS (Current Account Switch Service).
• Meeting with OBIE later this week re: progress on certification. Strongly encourage non-CMA9 banks to get certified.
• EBA published updated set of clarifications. Additional requirements on authentication on June 4. https://eba.europa.eu/sites/default/documents/files/document_library/Publications/Opinions/2020/884569/EBA%20Opinion%20on%20obstacles%20under%20Art.%2032%283%29%20RTS%20on%20SCA%26CSC.pdf
• Work continues on Variable Current Payment but still some dates away.
• Big payment use-cases: Payments for government and Tax, Payments for payroll (which is only used by big companies through batch process). The government might mandate it.
• Reducing fraud staff payment COVID-19 funding.

5.   Multiple issuers (Dave/Joseph)

• Bit more discussion on OAuth WG. A bit negative opinions. However, there is no viable counter-proposal.
• Issuers discovery.
• Chris/Freddi/Joseph will have a call on Friday to come up with a solution.

6.   Drafts Developments

6.1.   FAIP 1.0 (Nat)

• Please send PR! All the issues are already assigned.

6.2.   FAPI 2.0 (Daniel)

• Advanced: Need more feedback
• Certification: WG intends to provide it in 2021.
• Chris suggested "My suggestion is to get a cost together for the suite for v2 - then you can go to the market to seek funding from maybe some of the other regulators, banks, tech companies"

7.   AOB

n/a

The meeting was adjourned at 14:59 UTC.