isOwned flag in the context of business data sharing.

Question

Does the isOwned field. in the BankingAccount schema,  refer to the nominated representative or to the the organisation itself?

Answer

For business consumers, the consumer is the organisation, so the isOwned flag indicates the ownership status of the business,  and not the nominated representative.

Question

Is the isOwned field True, if data is shared in relation to an account, for an organisation that owns that account?

Answer

Yes.