Financial Profile

Full Title or Meme

A profile of the Identity Ecosystem Framework for Financial Services

Context

• As a part of the creation of a set of Identity Ecosystems this profile is targeted to apply to any transaction that puts a user's financial assets at risk.
• The most fully developed profiles are now in development in Europe, especially the UK Open Banking effort. Those have been consulted in creating this profile

Problems

• Each jurisdiction creates their own Identifier domain for financial services and for the users of financial services, many of which are legal persons, but not natural persons.

References

• The page Financial Profile Sandbox details a test suite that will allow developers of code and user experience to assure the compliance of their products to the framework.
• The OpenID federation is currently in development of Financial-grade API specifications which have been consulted. Since they do not actually require a user Identifier they are of limited value. Also the last time that web page was accessed it was out-of-date.