1. Intro

High quality data is essential to ensure the Open Finance ecosystem can deliver the intended customer value in a reliable manner. This section outlines the data quality principles by which LFIs are required to adhere to, defining expectations in terms of accuracy, completeness and timeliness. LFIs are subjected to ongoing monitoring to ensure adherence to these principles.

2. Accuracy

Accuracy refers to the correctness and precision of the data. LFIs MUST ensure that all data is accurate, in the correct format, and that all data is accurately mapped according to the Standard.

3. Completeness

Completeness refers to the extent to which all required data is present. LFIs MUST provide complete data containing all necessary values without any missing elements. LFIs MUST complete all mandatory fields and SHOULD complete any optional fields for which they are able to provide the data.

4. Timeliness

Timeliness refers to the availability of data when it is needed. LFI data MUST be up-to-date and available in accordance with benchmarks defined in https://openfinanceuae.atlassian.net/wiki/x/xww8Bw.