Open account and Open banking: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Create page. Source: Open Banking page.)
 
Line 1: Line 1:
Type of commercial trade credit in which the seller issues an invoice, which is formal evidence of an obligation, and records the sale as an account receivable.
''Banking competition''.
 
 
1. ''UK Open Banking project''.
 
A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to:
*Increase competition and innovation in and around banking to improve outcomes for customers; and
*Thereby support the fintech industry in the UK.
 
 
2. Similar initiatives in other jurisdictions.
 




== See also ==
== See also ==
* [[Account]]
*[[Application programming interface]]
* [[Credit]]
*[[Blockchain]]
* [[Paid on production]]
*[[Disruptor]]
* [[Payment in advance]]
*[[Fintech]]
* [[Prompt Payment Code]]
*[[Open banking APIs]]
* [[Trade credit]]
*[[PSD2]]
*[[Regtech]]


[[Category:Trade_finance]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Technology]]

Revision as of 08:06, 24 August 2019

Banking competition.


1. UK Open Banking project.

A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to:

  • Increase competition and innovation in and around banking to improve outcomes for customers; and
  • Thereby support the fintech industry in the UK.


2. Similar initiatives in other jurisdictions.


See also