Third-Party Providers (TPPs) can create third-party applications to facilitate banking services exposed via Bank APIs.
Before getting TPPs connected with the Banks and onboard, they are subjected to thorough verification. This verification includes a comprehensive sign-up process at the API Store, the developer portal of WSO2 Open Banking. For a TPP to start providing open banking services, it has to be registered under a Competent Authority, which is a regulatory body that authorizes and supervises the open banking services delivered by the TPP.
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