Fallback Mechanism
TechnologyDefinition
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
Related Terms
Frequently Asked Questions
What is Fallback Mechanism?
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
What does Fallback Mechanism stand for in Open Banking?
Fallback Mechanism is a key term in the Open Banking ecosystem. A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
How is Fallback Mechanism used in Open Banking?
Fallback Mechanism is a technical standard or specification used in Open Banking implementations. It helps ensure secure, standardized communication between banks, third-party providers, and applications.
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