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How Does Open Banking Work

How does OpenBanking work?

What does it mean when we say 'Connect your bank with Open Banking?' This diagram should help...

by Credit Passport
3 MINS READ

How do you connect your bank at Credit Passport?

After you have registered with us, we ask you to connect your business bank account.

But what does it mean when we ask you to connect your account?
We use Open Banking - the regulated, secure way to grant authorised companies read-only view of your data from your bank.

It's really as easy as:

Select your bank > Sign into your bank's online banking or app > grant permission for us to view your data.

This diagram has more details, and should answer any questions you have:

How OpenBanking works

How OpenBanking works

Launch a full size version of the diagram here

At Crif RealTime Ltd. we are an FCA regulated AISP (Account Information Service Provider, and our FRN number is 791914.

You can find lots more details on Open Banking and data security in our FAQs section.

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