TIMELINE
1980
The his
THE GERMAN FEDERAL POST OFFICE
The birth of Open Banking began following an experiment conducted by the Deutsche Bundespost ( German Federal Post Office ), when the leadership team ran a test using five external computers and inviting 2000 people to take part in their online banking pilot scheme . The test showed that users could action banking transactions from their homes via their TVs using specific transfer codes . In the UK , Oracle and Teletext services soon followed .
1998
Bankin
HBCI AND FINANCIAL TRANSACTION SERVICES
2004
SOFORT – SCREEN SCRAPING
Germany again broke boundaries when it came to the next step in developing Open Banking as a platform . From 1998 to 2002 , banking experts developed the Home Banking Computer Interface ( HBCI ) which enabled security , messages , and transmission protocols to be established . By 2002 , HBCI was replaced by the Financial Transaction Service , which resulted in a banking security system and the invention of the PIN .
Two years later , the very first screen scraping and data use was actioned by what is referred to as SOFORT , enabling bank customers to grant service providers with permission to access their banking information – and provide their login details . This breakthrough enabled the banking provider to access the account as if they were the customer .
16 September 2022