Dec 19, 2024 · An account information service provider (AISP) lets you see information from all your selected accounts in one place and can analyse your spending. Providers may include budgeting apps or price comparison websites that offer product recommendations.

Sep 17, 2024 · These third parties – providers of account information services (AISPs) and payment initiation services (PISPs) – are regulated under the PSRs with corresponding permissions and obligations.

Feb 10, 2023 · AISP models under PSD2 First published: 23/12/2019 Last updated: 10/02/2023 See all updates Find out what the agency model looks like for authorised payment institutions or small payment institutions who are providing payment services under the PSRs 2017.

Jan 13, 2025 · Here is your Guidebook for AISP vs PISP in 2025: Key differences, benefits, and how open banking transforms finance. Find out Best AISP & PISP Providers in UK

In the United Kingdom (UK), these types of companies have to register with the Financial Conduct Authority (FCA) to provide Account Information Services and are referred to as Registered Account Information Service Providers UK (RAISP UK). How do AISPs work?

May 18, 2022 · An AISP is a company that has been granted permission to access an individual’s or SME’s financial institution account data. The UK’s nine largest banks are required by law to comply with the AISPs’ requests.

Feb 11, 2019 · An AISP is a company authorised to access an individual or SME's account data from their financial institutions with their explicit consent. The UK’s nine largest banks are required by law to...

In the UK, the FCA (Financial Conduct Authority) determines which companies can access and use open banking data. This is set to be The Consumer Financial Protection Bureau (CFPB) in the US. Organizations that are approved for Open Banking are known as …

Nov 7, 2024 · What is an AISP? An Account Information Service Provider (AISP) is a third-party provider authorized to access and aggregate financial data from a customer’s various bank accounts, with their explicit consent. Unlike PISPs, which initiate payments, AISPs do not have the ability to move money.

If you intend to become registered as an AISP or authorised as a PISP (a Third Party Provider), you should: Read up on the second Payment Services Directive (PSD2) and the FCA’s own guidance to ensure that your planned product or service will be compliant.