Open Banking definition
Open Banking means a secure and simple way for a Donor to give a valuable donation to the 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; Service : means our Open Banking payment services that enable Donors to make Donations to the Charity; Wonderful Organisation : means Wonderful Organisation, a non-profit company limited by guarantee under registered number 09818383, and operator of the ▇▇▇▇▇▇▇▇▇.▇▇▇ website
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 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.
Examples of Open Banking in a sentence
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.
Please note that any Open Banking Transactions and Direct Debit payments will not be covered under the Scheme regulations.
You must comply with any terms and conditions that you have agreed with our Open Banking partner(s) in order to use their services.
Open Banking is a secure method of providing access to your financial information both for yourself and for other financial organisations.
Open Banking and PSD2 both have shown that they have the potential to exacerbate a number of existing risks including data loss/data protection, cyber security, fraud and wider financial crime risk, which in turn could give rise to increased costs, litigation risk and risk of regulatory investigation and enforcement activity.
More Definitions of Open Banking
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 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.
Open Banking means a system that allows third- party access to financial data through the use of application programming interfaces;
Open Banking means Open Banking Limited, a private company incorporated and registered in England with company number 10440081 whose registered office is at 2 ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇;
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 practice that allows third-party service providers to access consumer banking and financial data from banks and non-bank financial institutions through the use of APIs. This enables users to securely share their financial information with other banks or authorized financial organizations, such as payment providers, lenders and insurance companies.
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".