APIActive

Open Banking API

Open Banking API: Open Banking surpasses 1 billion payments and 100 billion API calls The UK’s Open Banking ecosystem has reached two landmark milestones, with more than one billion Open Banking payments and 100 billion API calls now recorded across the CMA9 banks since the launch of Open Banking more than eight years ago.

Field note

What it does

Open Banking Glossary Open banking terminology made simple: from AISP to the Developer Zone. a b c d e f g h i j k l m n o p q r s t u v w x y z A Account Information Service Provider Account Information Service Provider (AISP) An Account Information Service Provider provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). Account Servicing Payment Service Provider Account Servicing Payment Service Provider (ASPSP) Account Servicing Payment Service Providers provide 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. API Data API Data API Data is data made available to an API User or a TPP through the APIs. API provider API provider An API provider is a service provider implementing an Open Data API. An API provider provides Open Data via an API gateway. API User API User An API User is any person or organisation who develops web or mobile apps which access data from an API Provider. Application Programming Interface Application Programming Interface (API) An Application Programming Interface is a set of routines, protocols, and tools for building software applications.

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A trust framework of regulated providers

Open Banking Glossary