OPEN BANKING APIS: LEGAL FRAMEWORKS FOR ACCESS TO FINANCIAL DATA
Keywords:
Open Banking APIs, Third Party Providers (TPP), PSD2, Mobile Application, Platform, Financial DataAbstract
Open banking APIs are a new and emerging technology that has the potential to revolutionize the financial industry. Open banking APIs enable third-party providers (TPPs) to access customer financial information from banks in a secure and standardized manner. However, open banking APIs also pose a number of legal challenges that the existing legal framework for providing access to financial data through open banking APIs must be addressed to ensure the successful implementation of open banking APIs. The main legal issues are among these.
References
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