1 Open Banking Functional Overview
To read this document, understanding the following terms is important:
ASPSP – Account Service Payment Service Provider. Generally, these are the banks and other Financial Institutions that have the customer data
TPP – Third Party Provider. A player of the Open Banking ecosystem that gets data from the ASPSPs
AISP – Account Information Service Provider. It is a type of TPP
PISP – Payment Initiation Service Provider. It is a type of TPP
PSU – Payment Service User. These are the customers of ASPSPs