Open API
TechnologyOpen API / Public API
Definition
An Open API or Public API is a free-to-use, publicly available application programming interface that provides developers with programmatic access to a proprietary software application. In Open Banking, Open APIs allow third parties to access bank data with proper authorization.
Related Terms
Frequently Asked Questions
What is Open API / Public API?
An Open API or Public API is a free-to-use, publicly available application programming interface that provides developers with programmatic access to a proprietary software application. In Open Banking, Open APIs allow third parties to access bank data with proper authorization.
What does Open API stand for in Open Banking?
Open API stands for Open API / Public API. It is a fundamental concept in Open Banking and PSD2 regulations. An Open API or Public API is a free-to-use, publicly available application programming interface that provides developers with programmatic access to a proprietary software application. In Open Banking, Open APIs allow third parties to access bank data with proper authorization.
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...
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...
CIBA
Client Initiated Backchannel AuthenticationClient Initiated Backchannel Authentication (CIBA) is an authentication flow that enables a client a...
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