Open Banking — Credicorp

Open Banking — processor an yer consent

When ye chuse tae connect a bank accoont by Open Banking we route the connection through an FCA-authorised Account Information Service Provider (AISP). Credicorp niver sees yer online bankin credentials — ye authenticate directly wi yer bank.

Aw accoont-information connections follae the standards published by the Open Banking Implementation Entity (OBIE) unner the FCA's Payment Services Regulations 2017. The AISP provider is regulated by the FCA in its ain richt an is subject tae the same data-protection regime as Credicorp.

Whit we read

Read-anely access tae the transaction history on the accoont ye connect, for up tae 12 months back. The accoont-information connection cannae muive siller, set up peyments or chynge onything on the accoont.

Consent reconfirmation

Unner FCA rules, Open Banking accoont-information access maun be covered by strang customer authentication or a reconfirmed consent in ilka 90-day period. Gin we still need access, we'll speir ye tae reconfirm afore that period ends. Gin ye dinnae reconfirm, the connection lapses an we stop receivin new accoont information.

Yer richt tae revoke

Ye can revoke an Open Banking connection at ony time, wi immediate effect, frae the "Connections" panel in yer customer portal or frae yer bank's ain app. Revocation disnae affect ony existin loan agreement — the loan continues on the terms ye hae signed.

Scots draft — wytin on a native-speaker review. The English version o this document is the authoritative ane gin there's ony ambiguity. Read this in English