1.4 Oracle Banking

This topic provides information about enhancements in the Open Banking.

Table 1-9 Enhancements in UK Open Banking

Enhancements Description
PISP Enhancements
  • Payment and status codes have been shortened to be consistent with Open Banking 4.0 regulations.
  • Payment Error codes have also been updated to the 4 character ISO 20022 code value format.
  • The ‘Reference’ field structure has been updated.
CHAPS and ISO 20022 Alignment (impacting AISP & PISP)
  • CHAPS related changes have been introduced, including support for structured addresses, Legal Entity Identifier (LEI), ultimate creditor/debtor details, beneficiary information, and purpose codes.
  • ISO 20022 alignment has been introduced for RemittanceInformation, MandateRelatedInformation, CreditorAccount, CreditorAgent, and Proxy.

Note:

Only those fields which are available in MX specification and relevant OBDX services are end-to-end supported., other fields are available only on OB-APIs.

Parent topic: Features and Enhancements