Premium API
TechnologyDefinition
Premium APIs are value-added API services offered by ASPSPs or API providers beyond the mandated Open Banking requirements. These may include enhanced data, better performance, additional functionality, or specialized services, often offered on a commercial basis.
Related Terms
Frequently Asked Questions
What is Premium API?
Premium APIs are value-added API services offered by ASPSPs or API providers beyond the mandated Open Banking requirements. These may include enhanced data, better performance, additional functionality, or specialized services, often offered on a commercial basis.
What does Premium API stand for in Open Banking?
Premium API is a key term in the Open Banking ecosystem. Premium APIs are value-added API services offered by ASPSPs or API providers beyond the mandated Open Banking requirements. These may include enhanced data, better performance, additional functionality, or specialized services, often offered on a commercial basis.
How is Premium API used in Open Banking?
Premium API is a technical standard or specification used in Open Banking implementations. It helps ensure secure, standardized communication between banks, third-party providers, and applications.
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