vocabulary:
  name: Regions Financial Vocabulary
  description: >-
    Domain vocabulary for Regions Financial Corporation and its open banking
    implementation. Covers consumer and commercial banking concepts, FDX API
    standards, consent management, and Regions-specific financial products and
    services including the Axway Amplify Open Banking partnership.
  version: 1.0.0
  created: '2026-05-02'
  modified: '2026-05-02'
  source: https://www.regions.com

terms:
  - term: Financial Data Exchange (FDX)
    definition: >-
      A nonprofit organization that defines and promotes the adoption of its
      common, interoperable, and royalty-free FDX API for financial data
      sharing between financial institutions and authorized third parties.
      Regions joined FDX in 2021 and is building its open banking implementation
      to FDX API v6.x standards.
    tags:
      - Standard
      - Open Banking

  - term: Open Banking
    definition: >-
      A financial services framework that allows bank customers to grant
      authorized third-party applications secure access to their financial
      data via APIs with customer consent, replacing legacy screen-scraping.
      Regions Bank is implementing open banking capabilities through Axway's
      Amplify Open Banking solution targeting CFPB compliance by April 2027.
    tags:
      - Core Concept
      - Regulatory

  - term: Axway Amplify Open Banking
    definition: >-
      The API management and open banking platform selected by Regions Bank
      to deliver its open banking capabilities. Amplify Open Banking provides
      FDX-compliant API infrastructure, consent management, and a developer
      marketplace for API planning and adoption.
    tags:
      - Technology Partner
      - Platform

  - term: Consumer Financial Protection Bureau (CFPB)
    definition: >-
      The US federal regulatory agency whose open banking rule (Section 1033
      of the Dodd-Frank Act) requires financial institutions to provide
      customers with access to their financial data via APIs. Regions Bank's
      required adoption date is April 1, 2027.
    tags:
      - Regulatory
      - Compliance

  - term: Account Aggregation
    definition: >-
      The process of collecting and consolidating financial account data from
      multiple accounts (checking, savings, credit cards, investments) into
      a unified view, typically via open banking APIs, enabling personal
      financial management applications.
    tags:
      - Use Case
      - Data

  - term: Consent
    definition: >-
      Explicit customer authorization granting a specific third party access
      to defined categories of financial data for a defined period. Under FDX
      and CFPB rules, consent must be granular, revocable, and transparent.
    tags:
      - Core Concept
      - Privacy

  - term: Screen Scraping
    definition: >-
      The legacy method of third-party financial data access where applications
      collect customer credentials and log in as the customer to extract data.
      Open banking APIs are designed to replace screen scraping with secure,
      token-based consent flows.
    tags:
      - Legacy
      - Technology

  - term: OAuth 2.0
    definition: >-
      The authorization framework used by FDX-compliant open banking APIs.
      Customers authorize third-party apps via an OAuth authorization code
      flow, granting scoped access tokens without sharing their banking
      credentials with third parties.
    tags:
      - Authentication
      - Standard

  - term: Checking Account
    definition: >-
      A demand deposit account used for everyday transactions including direct
      deposits, debit card purchases, check writing, and bill payments.
      Regions offers multiple checking account tiers including LifeGreen
      Checking and Simple Checking.
    tags:
      - Product
      - Deposit Account

  - term: Savings Account
    definition: >-
      An interest-bearing deposit account designed for accumulating funds.
      Regions offers LifeGreen Savings and other savings products with
      linked benefits for customers who also hold Regions checking accounts.
    tags:
      - Product
      - Deposit Account

  - term: ACH (Automated Clearing House)
    definition: >-
      The US electronic payment network for processing direct deposits, payroll,
      and consumer bill payments. ACH is one of the payment types supported in
      Regions' open banking payment initiation API.
    tags:
      - Payment Method
      - Infrastructure

  - term: Wire Transfer
    definition: >-
      An electronic funds transfer processed through bank-to-bank networks
      (Fedwire or SWIFT) for same-day settlement of large-value payments.
      Supported as a payment type in Regions' open banking payment API.
    tags:
      - Payment Method

  - term: Merchant Category Code (MCC)
    definition: >-
      A four-digit code assigned by payment card networks to categorize the
      type of business at which a card transaction occurred. Included in
      transaction data to support spending categorization in financial apps.
    tags:
      - Transaction Data
      - Classification

  - term: LifeGreen
    definition: >-
      Regions Bank's flagship consumer brand for checking and savings accounts,
      emphasizing financial wellness features including automatic savings
      programs, overdraft protection, and budgeting tools.
    tags:
      - Product Brand
      - Consumer Banking

  - term: Treasury Management
    definition: >-
      Commercial banking services for business cash flow management including
      payroll processing, receivables management, payables management, and
      embedded banking integrations with ERP systems. Regions offers treasury
      management APIs for commercial customers.
    tags:
      - Commercial Banking
      - Product