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Bank on OpennessOpen Philanthropy: Bank on Openness
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What is bank on openness?
Bank on openness is a reporting requirement for financial institutions to disclose information about their open banking practices.
Who is required to file bank on openness?
Financial institutions that participate in open banking are required to file bank on openness.
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To fill out the bank on openness report, financial institutions need to provide detailed information about their open banking activities as per the regulatory guidelines.
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The purpose of bank on openness is to promote transparency and accountability in the open banking ecosystem.
What information must be reported on bank on openness?
Financial institutions must report data such as the number of API calls, types of data shared through APIs, security measures implemented, etc., on bank on openness.
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