Skip to Content
Whole SectionText only Print Print Manager Link

GR-6.1.5

Access to customer accounts granted pursuant to Paragraph GR-6.1.3 shall mean that at customer's direction, the licenseesG are obliged to share all information that has been provided to them by the customer and that which can be accessed by the customer in a digital form. The obligation should only apply where the licenseeG keeps that information in a digital form. Furthermore, the obligation should not apply to information supporting identity verification assessment; which the licensees should only be obliged to share with the customer directly, not a data recipient. The information accessed shall include transaction data and product and services data that banks are required to publicly disclose, such as price, fees, and other charges should be made publicly available under open banking. 'Value Added Data' and 'Aggregated Data' are not required to be shared. Value added data results from material enhancement by the application of insights, analysis, or transformation by the licensee. Aggregated data refers to various elements of customer data aggregated for the purpose of internal management by the licensee.

Added: April 2019
 Versions
(1 Version)
 
Apr 1 2019 onwards
Back to top