Consent renewal is the process by which a customer extends a permission that allows a third party, such as an account information service provider, to keep reading their account data in open banking. Permissions are usually time-limited so that data sharing does not continue indefinitely without the customer's knowledge. When the period nears its end, the provider asks the customer to confirm that access should continue; if the customer does nothing, access lapses.
Under early European rules, ongoing account access required the customer to repeat strong customer authentication with the bank at regular intervals, which caused many connections to drop. Later changes in the EU and the UK lengthened or reshaped this requirement, and in the UK customers can now reconfirm directly with the provider. Renewal is one stage in wider consent management, alongside consent revocation.