A service provider authorized to retrieve and aggregate account information from one or more of a user’s bank accounts. They are read-only services; they can see your data, but they cannot move your money.
Common Use Cases
- Budgeting Apps: Pulling data from three different banks into one dashboard.
- Credit Scoring: Lenders use real-time transaction history to approve loans faster than traditional credit checks.
- Accounting Software: Automatically importing bank statements for small businesses.
Consent Management
AISP access is not permanent. Users typically must reconfirm their consent every 90 days to ensure they still want the provider to have access to their data.