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IFX Forum Showcases Its Progress on Open Banking APIs

APIs Demo and RESTful IFX 2.4 Available WAKEFIELD, Mass. – Nov. 14, 2017 – The IFX Forum has announced the first set of deliverables from its Open Banking APIs (application programming interfaces) Working Group, marking significant progress on its work to provide Open...

Open Banking APIs

The IFX Forum is embarking on an important initiative for banks and their partners to collaborate on standardizing Open Banking APIs.

WHY IFX?

If you’re not participating in Standards Development, then you’re either re-inventing the wheel or playing by somebody else’s rules! The IFX standard contains thousands of data elements and hundreds of messages specifically designed for banks by banks and bank partners over 18 years.  Our service-oriented, object-based message standard is ideal for API-enabled deployments, too.

The Standard

The IFX Business Message Specification (BMS) began in 1998 and today is the industry-leading message standard for financial institutions using Service Oriented Architecture.

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Content Coverage

The IFX Business Message Specification covers a broad range of content for most retail and business banking needs, with more than 60 business objects and thousands of data elements.

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