Personal Finance Canada

1184 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago

MODERATORS

[email protected]

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

submitted 7 months ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 7 months ago

I am so skeptical. 🥹