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Sharing product details allows AISP to request for ASPSPs products details. ASPSP returns a collection of products and services requested by the AISP. These specifications allow API providers (e.g. banks) to develop API endpoints which can then be accessed by API users (e.g. AISPs) to build mobile and web applications for user/customers.
Currently, product and price comparison websites have to obtain their product data either via bank proprietary APIs, via information collected by dedicated data capture agencies or via "screen scraping" (i.e. capturing product web page information and writing scripts to extract relevant data). This work is complex and prone to error, so having a standard API would make the data capture side much easier and allow more third-party providers to provide applications that could target particular consumer markets. This endpoint can contain multiple brands owned by a particular banking group. Each brand can own multiple products.
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