Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:financial_technology
|
| gptkbp:aimsTo |
increase competition and innovation in the financial services sector
|
| gptkbp:defines |
A system that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions through the use of application programming interfaces (APIs).
|
| gptkbp:enables |
open data sharing
open standards account aggregation real-time payments open APIs fintech innovation payment initiation services data portability personal finance management tools digital identity verification third-party developers to build applications and services around financial institutions alternative lending platforms banking as a service cross-institutional financial services customized financial products embedded finance improved credit scoring open credit open data ecosystems open insurance open investment open mortgages open payments open pensions open savings |
| https://www.w3.org/2000/01/rdf-schema#label |
open banking
|
| gptkbp:implementedIn |
gptkb:Australia
gptkb:Brazil gptkb:Canada gptkb:European_Union gptkb:Singapore gptkb:United_Kingdom |
| gptkbp:introducedIn |
2018 (UK)
2019 (Australia) 2021 (Brazil) |
| gptkbp:promotion |
consumer control over financial data
|
| gptkbp:raisesConcerns |
cybersecurity
data privacy |
| gptkbp:regulates |
various national and regional authorities
|
| gptkbp:relatedTo |
gptkb:PSD2
open finance |
| gptkbp:requires |
customer consent for data sharing
|
| gptkbp:supportedBy |
gptkb:Australian_Competition_and_Consumer_Commission
gptkb:Open_Banking_Implementation_Entity_(UK) gptkb:Financial_Conduct_Authority_(UK) gptkb:European_Banking_Authority |
| gptkbp:uses |
APIs
|
| gptkbp:bfsParent |
gptkb:PSD2
|
| gptkbp:bfsLayer |
4
|