Difference between revisions of "Open Banking"
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| + | ===Banking APIs Now in Deployment=== | ||
| + | * [https://theoofy.com/13446/open-api-banking-examples-use-cases-thriving-after-ing-bank-deutsche-bank-looks-for-partners-for-api/ Open API Banking Examples / Use Cases Thriving: After ING Bank, Deutsche Bank Looks For Partners For API] | ||
==Problems== | ==Problems== | ||
Revision as of 09:18, 30 July 2018
Contents
Full Title or Meme
Open Banking is both a concept and an actual implementation in the UK.
This page will address both
Context
Definitions of interest from the UK
| Entity Name | Type | Cat | Description | Access |
| Payment Service User (PSU) | Real World Entity | N/A | a natural or legal person making use of a payment service as a payee, payer or both | No |
| Payment Service Provider (PSP) | Legal Entity | N/A | A legal entity (and some natural persons) that provide payment services as defined by PSD2 Article 4(11) | Yes |
| Account Servicing Payment Service Provider (ASPSP) | Legal Entity | PSP | provides and maintain a payment account for a payer as defined by the PSRs and, in the context of the Open Banking Ecosystem are entities that publish Read/Write APIs to permit, with customer consent, payments initiated by third party providers and/or make their customers’ account transaction data available to third party providers via their API end points. | ?? |
| Third Party Providers / Trusted Third Parties (TPP) | Legal Entity | PSP | organisation or natural person that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments. Third Party Providers are PISPs or AISPs. | see below |
| Payment Initiation Service Provider (PISP) | Legal Entity | TPP | provide an online service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider. | read write |
| Account Information Service Provider (AISP) | Legal Entity | TPP | provide account information services to consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). | read only |
| Financial Conduct Authority | Legal Entity | Federation Owner | The FCA is the competent authority for the UK | No |
Banking APIs Now in Deployment
Problems
Solutions
- The UK open banking specs are keep on an open source repository.[1]
