Open Banking

Open Banking offers two key categories of services designed to enhance customers’ financial experience:

 

Account Information Service (AIS):

This service allows customers to securely share their aggregated bank account information with licensed third-party providers—without revealing their login credentials. Access is granted through a single platform, ensuring convenience and security.

 

Payment Initiation Service (PIS):

This enables licensed third-party providers to initiate payments on behalf of customers, facilitating seamless fund transfers between accounts via mobile-based applications.

With customer consent, Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) can access banking, transactional, and other financial data through secure application programming interfaces (APIs).

 

Customers retain full control over:

  • Which services they use
  • Which providers have access to their data
  • The duration of access granted to AISPs/PISPs

Accessing Open Banking via BBK Mobile App

  • Open Banking is available to all individual users of the BBK Mobile App. To get started:

     

    1. Log in to the BBK Mobile App
    2. Select ‘Hub’ from the main menu
    3. Navigate to ‘Other Services’
    4. Choose ‘Open Banking’ and follow the on-screen instructions

For Third-Party Providers

Third-Party Service Providers (TPPs) in Bahrain can explore and access BBK’s Open Banking Service Developer Portal to access integration tools and documentation.

Statistics for Open Banking

 

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