Participant
GeneralDefinition
An API Provider, API User, ASPSP, or TPP that currently participates in the Open Banking Ecosystem. Participants must meet certain regulatory and technical requirements to operate within the ecosystem.
Related Terms
ASPSP
Account Servicing Payment Service ProviderAccount Servicing Payment Service Providers provide and maintain payment accounts for payers as defi...
TPP
Third Party ProviderThird Party Providers are organisations or natural persons that use APIs developed to Standards to a...
API Provider
An API provider is a service provider implementing an Open Data API. An API provider provides Open D...
Frequently Asked Questions
What is Participant?
An API Provider, API User, ASPSP, or TPP that currently participates in the Open Banking Ecosystem. Participants must meet certain regulatory and technical requirements to operate within the ecosystem.
What does Participant stand for in Open Banking?
Participant is a key term in the Open Banking ecosystem. An API Provider, API User, ASPSP, or TPP that currently participates in the Open Banking Ecosystem. Participants must meet certain regulatory and technical requirements to operate within the ecosystem.
More General Terms
Open Banking Ecosystem
The Open Banking Ecosystem refers to all the elements that facilitate the operation of Open Banking....
Open Banking Services
The Open Banking services provided by Open Banking Limited to Participants, including but not limite...
Open Finance
Open Finance is the extension of Open Banking-like data sharing and third party access to a wider ra...
PSU
Payment Services UserA Payment Services User is a natural or legal person making use of a payment service as a payee, pay...
Smart Data
Smart data is the secure sharing of customer data with authorised third-party providers (TPPs), at t...
SME
Small and Medium-sized EnterprisesSmall and medium-sized enterprises by scale of business, as defined by the CMA, with a turnover less...
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