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Abbreviation
Banking & Finance

Open Banking

Open_Banking

Usage Notes

System allowing third-party access to financial data

Global Definition

A banking practice that provides third-party financial service providers open access to consumer banking, transaction, and other financial data through APIs.

Sources

SEC / FINRA / BIS

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Schema Preview

● application/json
{
  "abbreviation": "Open_Banking",
  "fullTerm": "Open Banking",
  "domain": "banking-finance",
  "metadata": {
    "hasDefinition": true,
    "type": "acronym"
  }
}