On Canada's consumer-driven (open) banking framework, APIs, and unlocking core memories. (lemmy.ca)

submitted 6 months ago by No_Eponym@lemmy.ca to c/technology@lemmy.ml

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cross-posted from: https://lemmy.ca/post/19487003

Lots of reasons to be looking at the framework Canada just published for consumer-driven (open) banking, but I thought this was a gem:

from "2.10 A Single Technical Standard"

...The Framework will significantly decrease the risks of personal data being compromised by bad actors and mitigate security, privacy, and liability risks for consumers and participants. This is achieved through the use of APIs, a type of software that acts as secure data “pipes” to enable different products and services to communicate in a consistent manner.

If an API is a pipe, is the Internet a series of tubes?

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[-] PipedLinkBot@feddit.rocks 3 points 6 months ago

Here is an alternative Piped link(s):

series of tubes

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[-] ElectroVagrant@lemmy.world 2 points 6 months ago

this is too perfect

[-] i_am_not_a_robot@discuss.tchncs.de 2 points 6 months ago

When can I access my own financial data via a read-only API so I can track my own finances using my own services?

this post was submitted on 16 Apr 2024

11 points (100.0% liked)

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