Open Data Quotient

6 Questions | Total Attempts: 56

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Open Data Quotient

Driven by a number of regulatory changes and reforms a new age of Open Data and Open Banking is ever closer. Take this quick 6 question quiz to assess your Open Data Quotient. In other words your knowledge of the regulatory changes, CMA reforms, PSD2 legislation and process. Each of the 6 questions have a simple True or False answer this will return your Open Data Quotient score.


Questions and Answers
  • 1. 
    As part of PSD2, all Banks in the EU must provide APIs to enable third party access?
    • A. 

      True

    • B. 

      False

  • 2. 
    If one of our customers or clients wants to use data we hold, within a third party providers' API, they give their consent to the third party, not us?
    • A. 

      True

    • B. 

      False

  • 3. 
    The data we will publish under CMA and PSD2 can be accessed by anybody worldwide?
    • A. 

      True

    • B. 

      False

  • 4. 
    When there is evidence of fraud, the FCA will remove third party access immediately?
    • A. 

      True

    • B. 

      False

  • 5. 
    Strong Customer Authentication for electronic payments needs to be in place by January 2018?
    • A. 

      True

    • B. 

      False

  • 6. 
    From January 2018, the time for us to handle payment related complaints will reduce from 40 working days to 15 working days?
    • A. 

      True

    • B. 

      False