Open Banking Services
GeneralDefinition
The Open Banking services provided by Open Banking Limited to Participants, including but not limited to, the provision and maintenance of the Standards and the Directory. These services enable the secure exchange of financial data between authorized parties.
Related Terms
OBL
Open Banking LimitedOpen Banking Limited (formerly the Open Banking Implementation Entity - OBIE) is the delivery organi...
Directory
Open Banking DirectoryThe Open Banking Directory is the core infrastructure of the Open Banking ecosystem – enabling parti...
Standards
Open Banking StandardsThe Standards are the Data Standards and Security Standards in accordance with which ASPSPs will be ...
Frequently Asked Questions
What is Open Banking Services?
The Open Banking services provided by Open Banking Limited to Participants, including but not limited to, the provision and maintenance of the Standards and the Directory. These services enable the secure exchange of financial data between authorized parties.
What does Open Banking Services stand for in Open Banking?
Open Banking Services is a key term in the Open Banking ecosystem. The Open Banking services provided by Open Banking Limited to Participants, including but not limited to, the provision and maintenance of the Standards and the Directory. These services enable the secure exchange of financial data between authorized parties.
More General Terms
Open Banking Ecosystem
The Open Banking Ecosystem refers to all the elements that facilitate the operation of Open Banking....
Open Finance
Open Finance is the extension of Open Banking-like data sharing and third party access to a wider ra...
Participant
An API Provider, API User, ASPSP, or TPP that currently participates in the Open Banking Ecosystem. ...
PSU
Payment Services UserA Payment Services User is a natural or legal person making use of a payment service as a payee, pay...
Smart Data
Smart data is the secure sharing of customer data with authorised third-party providers (TPPs), at t...
SME
Small and Medium-sized EnterprisesSmall and medium-sized enterprises by scale of business, as defined by the CMA, with a turnover less...
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