A

The formal process by which an organization is approved to participate in an Open Banking or Consumer-Driven Banking ecosystem, ensuring it meets defined technical, security and governance requirements.
An organization that has successfully met the accreditation requirements to participate in Canada's Consumer-Driven Banking ecosystem and is authorized to access customer-permissioned financial data or provide services on a customer's behalf.
The process of securely collecting account information from multiple financial institutions and presenting it in a single application or service.
A committee that provides advice and recommendations to support the development, implementation and ongoing evolution of Canada's Consumer-Driven Banking framework.
Information relating to a customer's financial accounts, such as account details, balances, transactions and product information, that can be securely shared with authorized third parties with the customer's consent.
An organization or platform that acts as an intermediary between Data Providers and Data Recipients, aggregating financial data from multiple sources into a single access point.
A set of rules and protocols that enables different software applications to communicate and exchange data securely.
A service that manages, secures and monitors API traffic between systems.
An organization that makes APIs available for authorized third parties to access services or data.
The process of verifying the identity of a user, application or system before granting access.
The processes, technologies and controls used to verify the identity of users, applications and organisations before granting access to systems, data or services within an Open Data ecosystem.
The process of determining what an authenticated user or system is permitted to access or do.

B

A model where licensed financial institutions provide banking capabilities to third parties through APIs