Open Bank Project
Open Bank Project, operated by Berlin-based TESOBE GmbH since 2010, is an open-source Open Banking API middleware platform offering 550+ prebuilt endpoints, compliance tools, and consulting services to 100+ banks, regulators, and fintechs worldwide.
- Company typePrivate
- Founded2010
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Open Bank Project does
Open Bank Project (OBP) is an open-source middleware platform for Open Banking, built and operated by Berlin-based TESOBE GmbH since 2010. The platform connects to any core banking system and exposes 500–550+ prebuilt, standardized REST API endpoints covering accounts, payments, KYC, FX, and products, delivered with modular components — API Gateway, Developer Portal, API Manager, API Explorer, Auth & Consent, Sandbox, Analytics, and API Tester. It supports compliance with major global standards including UK Open Banking, Berlin Group, PSD2, Bahrain OBF, Saudi Arabia SAMA, Brazilian Open Finance, Mexican, and Australian frameworks. OBP serves 100+ institutional customers — global tier-1 banks (BNP Paribas, HSBC, Rabobank, Santander, Societe Generale, UniCredit), emerging-market banks (NMB Tanzania, FINCA Georgia, MAIB Moldova, Intercam Mexico, Sohar International, Bank Nizwa), fintechs (Seen Tarbi KSA, Kiasi Tanzania, Tuya Colombia), central banks and regulators (CBJ, SFC Colombia, State Bank of Pakistan, National Bank of Georgia), and development finance institutions (IFC/World Bank DigiLab).
Open Bank Project firmographics
Firmographics- Name
- Open Bank Project
- Legal name
- TESOBE GmbH
- Website
- https://openbankproject.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Open Bank Project, operated by Berlin-based TESOBE GmbH since 2010, is an open-source Open Banking API middleware platform offering 550+ prebuilt endpoints, compliance tools, and consulting services to 100+ banks, regulators, and fintechs worldwide.
- Ownership category
- akta.pro rank
Where Open Bank Project is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Open Bank Project business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Open Source Platform Licensing: The Open Bank Project is open source software. Financial institutions deploy the platform under TESOBE's open source model, which includes support and professional services. Source code is publicly available on GitHub for inspection without commitment.
- Professional Services & Consulting: TESOBE provides expert consulting from strategy development through implementation, including API strategy planning, framework analysis, custom sandbox deployment with branding, developer portal setup, and personalised training courses. One-time project fees or retainer arrangements.
- Platform Support & Maintenance: Ongoing technical support, software updates, and maintenance services bundled with platform deployment for financial institutions and regulators.
- API Platform Licensing & Subscription: Financial institutions and regulators license the OBP platform technology for production or sandbox deployments, with annual or multi-year subscription arrangements.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Open Bank Project product offering
Product offeringCore offering
Open Bank Project (OBP) is an open source REST API middleware platform for Open Banking, operated by TESOBE GmbH since 2010. It connects to any core banking system to expose 500+ prebuilt, standardised API endpoints covering accounts, payments, KYC, FX, and products, enabling financial institutions to comply with global Open Banking standards (UK Open Banking, Berlin Group, Bahrain OBF, Saudi Arabia SAMA). The platform is complemented by professional consulting, regulatory advisory, training, and developer sandboxes.
Product overview
Open Bank Project is an open-source Open Banking API platform built by Berlin-based TESOBE since 2010. The platform operates as a middleware solution consisting of a core OBP Platform combined with modular components: API Gateway, Developer Portal, API Manager, API Explorer (with 550+ endpoints), Auth & Consent, Sandbox, API Catalogue, Analytics & Monitoring, and API Tester. The platform is complemented by Opey AI Assistant and Opey II for conversational API interaction, and includes a Consent Tester for regulatory compliance validation. The architecture enables financial institutions to expose data and services through standardised APIs while supporting global Open Banking standards including UK Open Banking, Berlin Group, PSD2, and regional frameworks across Europe, LATAM, and Middle East.
Differentiator
Problem solved
Functional benefit
Brands
- Opey: Conversational AI tool for API discovery and automated technical support on the API Explorer II. Opey answers natural language questions about financial, management and technical operations available through the OBP API platform.
- Opey II
- API Explorer
- API Explorer II
Products and services
- OBP Platform Open-source middleware platform enabling financial institutions to create, secure, distribute, and monetise APIs. Provides a catalogue of 550+ prebuilt API endpoints connecting to any banking system to expose data and services in compliance with global Open Banking standards. For banks, regulators, and fintechs.
- API Sandbox
Quantifiable outcome
- 100+ banks and regulators globally have adopted OBP technology
- +4 more outcomes
Companies that use Open Bank Project
Customer profileNamed customers36 records
Segments5 records
Ideal customer profiles3 records
Open Bank Project technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature11 records
Open Bank Project partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and regional.
- TESOBE GmbHcoreTESOBE GmbH is the Berlin-based consulting firm that founded the Open Bank Project in 2010. TESOBE develops, maintains, and supports the OBP platform. TESOBE provides all professional services including open banking strategy consulting, platform implementation, customisation, training, and ongoing support. Founded in Germany in 2006, TESOBE pioneered open source approaches in financial services.
- IFC (International Finance Corporation) / World BankcoreIFC selected OBP technology to launch the DigiLab Finance accelerator programme in Latin America in 2019. IFC deploys OBP instances on cloud, creates branded sandbox environments, and onboards Tier 2 financial institutions. The DigiLab model is being replicated in the Middle East, North Africa, and Central Asia. Nuria Aliño, Principal Digital Finance Specialist at IFC, stated that TESOBE's technological infrastructure is helping IFC achieve its digital transformation goals for developing market financial institutions.
- Central Bank of Jordan (CBJ)coreThe Central Bank of Jordan retained TESOBE to deliver Open Finance knowledge sessions to the financial services sector. TESOBE conducted workshops on API fundamentals, customer consent, and secure data sharing. The CBJ also partnered with TESOBE through the JoPACC fintech hackathon initiative to prepare Jordan's market for Open Finance compliance.
- Seen Tarbi for Fintech (Xsquare) / Saudi ArabiacoreSeen Tarbi selected OBP technology to build its open banking platform in Saudi Arabia. TESOBE deployed an OBP sandbox and developer portal, customised for KSA compliance with local data centre hosting. Seen Tarbi used the platform to qualify for SAMA's Open Banking Lab testing pool and is now registered in SAMA's Open Banking Program. Dr Adnan M. Albar, CEO of Seen Tarbi, stated: 'With OBP technology powering our platform, we're confident we can accelerate innovation for banks, merchants and payment providers in the region.'
- JoPACC (Jordan Payments and Clearing Company)coreJoPACC partnered with TESOBE to launch its first fintech hackathon (MSME Masterminds Hackathon) in Jordan. TESOBE provided the OBP sandbox and technical support for 70+ participants. JoPACC CEO Maha Bahou stated: 'We were able to identify more than ten teams with potential for incubation and found several promising solutions.' JoPACC is owned by the Central Bank of Jordan and all commercial banks in Jordan.
- GIZ (Deutsche Gesellschaft fuer Internationale Zusammenarbeit)coreGIZ partnered with TESOBE to conduct Open Finance knowledge sessions at the Central Bank of Jordan. GIZ's I-FIN project focuses on enhancing access to finance for MSMEs and fostering innovative approaches. GIZ Project Manager Ulrich Hess stated the TESOBE sessions were 'highly valuable in equipping participants with fundamental knowledge and strategies to embrace and leverage the new Open Finance rules.'
- Integrity Vision (Ukraine)regionalIntegrity Vision is implementing the TESOBE Open Bank Project platform in Ukraine as a comprehensive open source solution for banks to achieve open banking compliance.
- Central Bank of Jordan - Task Force on Technical StandardscoreThe Central Bank of Jordan formed a task force to collaborate with the market and establish clear objectives for technical standards. TESOBE supports this initiative through workshops and advisory services to help define the API standard for Jordan's Open Finance framework.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Open Bank Project competitors and assessment
Company assessmentDirect peers
- TrueLayer: TrueLayer is a Europe-focused open banking API platform providing account aggregation and payment initiation APIs to banks and fintechs. Directly comparable to OBP in target market (banks and fintechs) and core product (Open Banking APIs), though proprietary rather than open source.
- Plaid: Plaid is a leading open banking/data connectivity platform connecting bank accounts to fintech apps, primarily in the US and expanding globally. Comparable to OBP in serving the same open-banking connectivity use case, though at much larger scale and with a proprietary, well-capitalised model.
- Yapily: Yapily provides open banking APIs for account information and payment initiation across Europe. Directly competes with OBP's API catalogue and developer-portal positioning for European bank integrations.
- Tink: Tink (owned by Visa) is a European open banking platform offering account aggregation, payment initiation, and personal finance APIs. Highly comparable to OBP's product breadth, with a stronger commercial backbone via Visa.
- Token.io: Token.io is an open banking payments network focused on account-to-account payments via bank APIs in the UK and EU. Directly comparable to OBP's payment and consent APIs, with a payments-centric rather than compliance-centric go-to-market.
- Salt Edge: Salt Edge provides open banking API aggregation and PSD2 compliance tools to banks and fintechs across multiple regions. Comparable to OBP's multi-jurisdictional API catalogue and bank-customer focus.
Emerging players
- Enable Banking: Enable Banking is a smaller European open banking API provider offering account information and payment initiation connectivity. Emerging direct competitor to OBP in the European bank API connectivity layer, with a leaner product footprint.
Broad incumbents
- MuleSoft (Salesforce): MuleSoft, owned by Salesforce, is a broad enterprise API management and integration platform used by many large banks. Comparable as an incumbent API platform that banks may choose over OBP for broader integration needs.
- Apigee (Google Cloud): Apigee, part of Google Cloud, is a leading API management platform offering gateway, analytics, and developer portal capabilities overlapping with OBP's API Gateway and Analytics modules. A broader incumbent alternative for large banks.
- Axway: Axway provides API management and integration software used by financial institutions, including open-banking-relevant capabilities. Comparable as a broad incumbent in API infrastructure that competes with OBP's gateway and management modules.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Open Bank Project social profiles
Digital presenceOpen Bank Project financial estimates
Financial estimateRevenue estimate
Valuation estimate
Open Bank Project leadership team
Management profileNumber of profiles
Profiles2 records
Open Bank Project funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Open Bank Project M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Open Bank Project
What does Open Bank Project do?
Open Bank Project (OBP) is an open source REST API middleware platform for Open Banking, operated by TESOBE GmbH since 2010. It connects to any core banking system to expose 500+ prebuilt, standardised API endpoints covering accounts, payments, KYC, FX, and products, enabling financial institutions to comply with global Open Banking standards (UK Open Banking, Berlin Group, Bahrain OBF, Saudi Arabia SAMA). The platform is complemented by professional consulting, regulatory advisory, training, and developer sandboxes.
Is Open Bank Project a public or private company?
Open Bank Project is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Open Bank Project founded?
Open Bank Project was founded in 2010. It employs 11 to 50 people.
Where is Open Bank Project based?
Open Bank Project is headquartered in Berlin, Germany, in the Europe region.
How does Open Bank Project make money?
Four revenue lines are on record. Open Source Platform Licensing is the primary driver. The others are professional Services & Consulting, platform Support & Maintenance and API Platform Licensing & Subscription.
Who are Open Bank Project's main competitors?
Direct peers on record are TrueLayer, Plaid, Yapily, Tink, Token.io and Salt Edge. Enable Banking is listed as an emerging player. Broad incumbents are MuleSoft (Salesforce), Apigee (Google Cloud) and Axway.
Does Open Bank Project have an API?
Yes. Open Bank Project provides a catalogue of 550+ financial API endpoints enabling data sharing between banks, fintechs, and third parties. The API platform supports Open Banking standards including UK Open Banking, Berlin Group, Bahrain OBF, and others. Developers can access API documentation, test endpoints, request roles, and explore endpoints including accounts & payments, KYC, FX, and Products through the API Explorer. Developer documentation is at apiexplorer-ii-sandbox.openbankproject.com.