open banking

Noun

uncountable

(banking, finance) Third party API access to a consumer's banking data in order to create new services and products.

Japanese Meaning

銀行顧客のデータをAPI経由で第三者に提供する仕組み。これにより、金融機関外の企業が新たな金融サービスや製品を開発できるようになる取り組み。

What is this buttons?

Open banking enables startups to access customers' account information through secure third-party APIs, fostering innovative financial products and services.

Google Translation / DeepL Translation

消費者の銀行データへ第三者のAPIアクセスが可能になることで、スタートアップは顧客の口座情報を安全なインターフェースを通じて取得し、革新的な金融商品やサービスを生み出すことができます。

Details

Sense（1）

(banking, finance) Third party API access to a consumer's banking data in order to create new services and products.

It’s the start of a new series of rules concerning “open banking”, where customers will be able to share their personal financial information with companies other than their bank, opening up opportunities to get better deals on mortgages, overdrafts and comparing insurance and broadband deals.

Google Translation / DeepL Translation

Details

open banking

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