Consent & Authorizations in API aggregators.

Suggesting an approach for the management of PSUs consent throughout the chain of PSPs formed by the ASPSPs, the TPPs and the aggregator.
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No two bank interfaces are the same in the current open banking ecosystem and no two banks are similar. In this white paper, we zoom in on the consent and authorization parts. What are these concepts and what are the best practices?

As we dive into the consent and authorization parts, following topics are treated:

  • Consent vs. Authorization, in API aggregators
  • Consent + Strong Customer Authentication (SCA)  = Authorization
  • Payment Service Providers'  (PSP's) chain overview
  • Consent and authorization management through the PSPs chain - best practices
  • Consent and authorization management through the PSPs chain - implementation considerations

(Keep up with all the abbreviations with https://support.ibanity.com/glossary)