open banking

open banking

Open Banking and APIs

Open Bankingโ€”far more than PSD2

Open Banking refers to the practice of securely sharing financial data, subject to customer consent. The exchange of data between the bank and authorized third parties (such as financial institutions, fintech companies and enterprises that are not necessarily active within the financial sector at present) is enabled via so-called Application Programming Interfaces, in short โ€œAPIsโ€.

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