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  5. How do I give consent for a Third Party Provider (TPP) to access my account data?

How do I give consent for a Third Party Provider (TPP) to access my account data?

When you sign up with a Third Party Provider (TPP) for account information services, the TPP should give you enough information to understand the nature of the service being provided and how it will use your data, including whether it will share your data with anyone else. It will need to get your consent to access your data for the purpose of providing services to you.

Companies that access your data need to comply with data protection law. Banks, building societies and other payment services providers, including Account Information Services (AIS) and Payment Intitiation Services (PIS) providers, will be subject to The Data Protection Act as well as the requirements of PSD2.

If you have a concern about a breach of data protection, you can contact the Information Commissioner’s Office.

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