The Open Data Institute (ODI) has published a press release announcing that it is launching an Open Banking Development Group (OBDG) to drive innovation around an open banking standard, on a UK and international basis.

The ODI co-chaired the Open Banking Working Group (OBWG), and published a report in February 2016 setting out a detailed framework for delivering an open banking standard in the UK.  The OBDG aims to build on the work carried out by the OBWG and extend it by creating a global community of open banking leaders that will play an important role in shaping any open banking initiatives.