Identity and Access Management provider ForgeRock will showcase the new Open Banking APIs this weekend at a hackathon in London, where contestants will create apps aiming to contribute to the new era of digital banking.
Set to take place Sept. 21 through 23 at Norton Folgate on Liverpool Street, the ForgeRock Open Banking Hackathon will see teams of up to 10 create applications based on the Open Banking APIs.
Open Banking regulations went into law in the U.K. earlier this year, requiring banks to make account and payment data available through secure application programming interfaces, or APIs. The intent is to give consumers more control of their data, while also giving banks an easier way to onboard customers and ensue they are trusted paties.
ForgeRock partnered with U.K. Open Banking, the implementation entity established by the U.K. government, to create a reference implementation for major banks. The result was the ForgeRock Open Banking directory — a fully compliant sandbox that allows development teams to access APIs while also applying to the U.K.’s Financial Conduct Authority.
The hackathon will showcase these APIs with ForgeRock’s reference bank implementation, directory and technical sandbox. Hackathon participants will also have access to an Open Banking Technical Solution Guide created by the ForgeRock development team.
A panel of fintech-focused judges will decide the winner of the event. Judges include Open Banking Head of Technology Chris Michael, Starling Bank Chief Platform Officer Megan Caywood, Allied Irish Banks Head of Digital Investments and Innovation Johnny O’Dwyer, and fintech blogger Will Beeson.
The hackathon kicks off this Friday, Sept. 21, at 7 p.m. in London, and carries through the weekend before wrapping up Sunday, Sept. 23, at 3 p.m. Registrations for the ForgeRock Open Banking Hackathon remain open.
The winner will have the opportunity to showcase their creation at ForgeRock’s Identity Live 2018 event in London, set to take place Oct. 30 and 31 at Kings Place.