Glossary
What is Open Banking? How does AI help budget money? Are digital bank waitlists safe? Short definitions first — then detail.
- Open Banking
- A UK framework that lets you authorise regulated apps to access account data via secure APIs. Banks do not share your login password with the app.
- AISP
- Account Information Service Provider — a regulated role focused on reading account information (not holding deposits). Beluga’s planned posture is AISP-style and read-only.
- Deepsight AI
- Beluga’s planned insight layer for cash-flow foresight and safe-to-spend style guidance. Marketed as a future capability for waitlist members — not live fund management today.
- Beluga Point
- A planned financial wellness score. Not a live credit score during the waitlist phase.
- Waitlist / Early Access
- Public phase where Beluga collects contact details for launch notification. CTAs say Join the Deepsight AI Waitlist or Get Early Access — not Open an Account.
- Read-only access
- Permission to view balances and transactions without initiating payments. Beluga’s planned Open Banking link is read-only.
FAQ
What is Open Banking?
Open Banking is a UK framework that lets you authorise regulated apps to access your account data via secure APIs. Your bank never shares your login password — only the read-only information you approve. Beluga plans to use this model; waitlist signup does not link a bank.
How does AI help budget money?
AI can group spending, forecast cash flow, and highlight what is safe to spend from your history. Beluga’s Deepsight AI is a planned capability for waitlist members. It will not manage or move real funds until live transaction sync exists.
Are digital bank waitlists safe?
A reputable waitlist only stores contact details you submit (for example name and email). Beluga does not collect bank passwords on the waitlist. You can ask us to delete your details; see our Privacy Policy for rights under UK GDPR.
Is Beluga a bank?
No. Beluga is building as an Account Information Service Provider (AISP) style product: read-only insights on accounts you already hold. We do not take deposits or replace your bank. Public access today is waitlist / early access only.