Section 13-1-801 - Definitions

13-1-801. Definitions. (a) For purposes of this article: (i) 'Customer data' means a customer's banking, transaction and other financial data; (ii) 'Express written consent' means a customer's affirmative written response to a clear and conspicuous notice regarding the collection, use or disclosure of customer data for the purposes of open banking; (iii) 'Open banking' means providing access, directly or indirectly, to customer data from the customer's bank to a third-party financial service provider with the express written consent of the customer and through the use of application programming interfaces; (iv) 'Customer' means a natural person or an agent, trustee or representative acting on behalf of a natural person.