Fallback Mechanism
TechnologyDefinition
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
Related Terms
Frequently Asked Questions
What is Fallback Mechanism?
A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
What does Fallback Mechanism stand for in Open Banking?
Fallback Mechanism is a key term in the Open Banking ecosystem. A Fallback Mechanism allows TPPs to access customer accounts through the customer-facing interface (like online banking) when the dedicated API is unavailable or not performing adequately. This ensures continuity of service even when APIs experience issues.
More Technology Terms
API
Application Programming InterfaceAn Application Programming Interface is a set of routines, protocols, and tools for building softwar...
API Data
API Data is data made available to an API User or a TPP through the APIs. This includes account info...
Open API
Open API / Public APIAn Open API or Public API is a free-to-use, publicly available application programming interface tha...
Read/Write API
Read/Write APIs enable third party providers, with the end customer's consent, to request account in...
OAuth 2.0
Open Authorization 2.0OAuth 2.0 is an industry-standard protocol for authorization that enables third-party applications t...
OpenID Connect
OpenID Connect is an identity layer built on top of OAuth 2.0. It allows clients to verify the ident...
Explore More Open Banking Resources
Dive deeper into the Open Banking ecosystem with our comprehensive directories.