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Written question asked by Chi Onwurah (Labour) on Monday, 18 December 2017, in the House of Commons. It was due for an answer on Wednesday, 20 December 2017. It was answered by Steve Barclay (Conservative) on Thursday, 21 December 2017 on behalf of the Treasury.


Financial Services: Disclosure of Information

Question

To ask Mr Chancellor of the Exchequer, what plans the Financial Conduct Authority and Open Banking Implementation Entity have to ensure that financial data aggregation platforms that are not defined as Account Information Service Providers can gain direct access to the standardised open banking application programming interfaces.

Answer

Access to Open Banking Application Programming Interfaces is primarily a decision for the Open Banking Implementation Entity. The Open Banking Implementation Entity currently have no plans to allow third parties wishing to perform account aggregation services, that are not registered as Account Information Service Providers, to gain access to the Open Banking APIs. There have been no discussions with the Financial Conduct Authority and the Open Banking Implementation Entity on changing this position


Secondary information

Type
Written question
Reference
120189
Session
2017-19
Grouped for answer
Yes
Subjects
Disclosure of information Databases Financial services
Link
View this Written question on www.parliament.uk