Open Banking definition

Open Banking means a secure way for a Donor to give a valuable donation to the Charity or other charity directly from the Donor’s bank account. Transactions are authorised from within the Donor's online or mobile banking app, using the Donor bank's own security to initiate the payment;

Open Banking means the information provided by the Student to EdAid via nominated provider through which EdAid will check your income, outgoings, credit and any history of fraud or money laundering. Connection to EdAid’s Open Banking nominated provider is compulsory this engagement with EdAid; and

Open Banking means as part of the Consumer Data Right, the ability to share data held by ANZ. For more information on Open Banking, visit www.anz.com/datasharing.

Examples of Open Banking in a sentence

• When you use our Open Banking Services to initiate a payment from an account you hold with another provider, you must authorise us to make that payment as well.

• Your use of the software service provided by the PISP shall be subject to the terms and conditions set out in Annex 1 below The charge for an Open Banking Transaction shall be as indicated on the Statement of Work.

• Revolut is authorised to provide these services.When you use our Open Banking Services to view information about an account you hold with another provider, you must authorise us to access that account.

• The Open Banking Europe Directory Service was released in January 2019, providing a single, standardised reference point for banks to accurately identify which TPPs are authorised to access their interfaces and which roles and services they are authorised to perform on behalf of their customers.

• This Implementation Variations Guide outlines the variations in Lloyds Banking Group’s Open Banking API endpoint and API response implementation.

More Definitions of Open Banking

Open Banking means the information provided by the EdAid customer to EdAid via nominated provider Plaid through which we will check your income, outgoings, credit and any history of fraud or money laundering. Connection to EdAid’s Open Banking nominated provider is compulsory to use the EdAid platform;

Open Banking means Open Banking Limited, a private company incorporated and registered in England with company number 10440081 whose registered office is at 2 Xxxxxx Xxxx Xxxxxx, Xxxxxx, Xxxxxx Xxxxxxx, X0X 0XX;

Open Banking means a financial services approach that enables third-party financial service providers to access consumer banking, transaction, and other financial data through APIs (Application Programming Interfaces).

Open Banking means a service provided by a Third Party Provider to You that allows You to view Your Account alongside any other accounts You may have with other financial institutions.

Open Banking means the practice of enabling secure interoperability in the banking industry by allowing third-party payment service and other service providers to request and/or initiate payment transactions, and access banking transactions and other data from banks and financial institutions with the consent of the banking customer;

Open Banking means a financial services model that allows third-party developers to access financial data in traditional banking systems through application programming interfaces (APIs)

Open Banking. Emerging fintechs and banks partnering to develop a framework that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions in New Zealand may lead to increased competition, which could result in weakening the profitability of banks that are slow to adapt to the changing financial system landscape. At the date of this Base Prospectus, there is no regulatory requirement to provide third-party financial service providers open access to consumer banking, transaction, and other financial data held by registered banks in New Zealand. The New Zealand Government announced in July 2021 that a Consumer Data Right will be established in New Zealand, with legislation expected to be introduced in calendar year 2023. Such changes may adversely affect the ANZ New Zealand Group, potentially impacting its corporate structures, businesses, strategies, capital, liquidity, funding and profitability, cost structures, and the cost and access to credit for its customers and the wider economy. This in turn may adversely affect the ANZ New Zealand Group's Position. For further information, see "Regulation and Supervision—New Zealand Regulatory Developments".