In order to control consumers over the data they share, improve and offer a safer and safer way to facilitate this common use, the Clearing House Payments Company`s (TCH) Connected Banking Initiative focuses on accelerating the capacity of data providers (for example. B banks) and data receivers (for example. B data aggregators or fintech), to establish secure direct connections via application interfaces. Unfortunately, legal agreements between banks and fintechs have sometimes taken 12 months or more to develop and conclude and have become a major bottleneck in the introduction of the IPY. In 2019, Chris B, Chris C and Shaun allowed an “AAC Agreements” discussion at ATIA Edcamp. What is unique about this particular discussion is that a large majority of the group chose to miss other Edcamp meetings and continued to engage in the creation of additional agreements for the entire evening. The following agreements were included in the list thanks to the participants present: padlet.com/cichoskikelly/aacagreements2019 This website states that AAFC agreements are “best” practices that are obtained from stakeholders invested in improving the accounting, selection and implementation of AACs. Stakeholders include practitioners (but not limited) to AAFC practitioners, academics, designers, parents, families and users. These agreements are supported, whenever possible, by research. This site, which is aimed at professionals, has a very clear layout, simple links to research studies and articles that ensure the “AAC agreements”. In collaboration with its member banks and in agreement with Fintechs, TCH has developed a framework agreement that banks and aggregators/fintech can use as a reference to facilitate the development of data-sharing agreements related to the API. The use of the model agreement is entirely voluntary and the agreement must be amended if circumstances warrant.
In addition, the agreement model avoids taking a position on commercial terms that must be strictly negotiated between the parties. However, the agreement model provides a potential basis for common and generally accepted conditions to which both parties can refer; the need to define and negotiate the same conditions at each conclusion of a bilateral data access agreement, if they so wish. Two years later, the session was repeated at the Edcamp at ATIA 2018, with Chris C and Shaun Pearson acting as moderators. The debate focused not only on the definition of new agreements, but also on the consensus on the text of previous agreements. This is what emerges from ATIA EdCamp 2018: padlet.com/cichoskikelly/aacagreements2018. Again, the question remains how many more agreements could be discovered if participants were not time-limited.