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Location: Central Bank of Bahrain Volume 2—Islamic Banks > Part A > High Level Standards > GR General Requirements > GR-6 Open Banking > GR-6.4 Standards for Program Interfaces and Communication > GR-6.4.3
  • GR-6.4 Standards for Program Interfaces and Communication

    • GR-6.4.1

      Islamic retail bank licenseesG must adhere to the best practices of technical standards, including for application program interfaces (APIs), electronic identification, transmission of data and web security.

      Added: April 2019

    • GR-6.4.2

      Islamic retail bank licenseesG should use a single standard by making a reference to Open API standards in a leading financial centre and which should be subject to independent tests, including testing in a test environment.

      Added: April 2019

    • GR-6.4.3

      To remain technologically neutral the technical standards adopted by Islamic retail bank licenseesG must not require a specific technology. Authentication codes must be based on solutions such as generating and validating one-time passwords, digital signatures or other cryptographically underpinned validity assertions using keys and/or cryptographic material stored in the authentication elements, as long as the security requirements are fulfilled.

      Added: April 2019

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