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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Specific Modules (By Type of Licensee) > Type 7: Ancillary Service Providers > Part A > Business Standards > OB Open Banking Module > OB-B Scope of Application
  • OB-B Scope of Application

    • OB-B.1 Introduction

      • OB-B.1.1

        The provision of account information servicesG and payment initiation servicesG entails obtaining access to customerG accounts through 'application program interfaces' (APIs) with licensees maintaining customerG accounts include conventional retail bank licenseesG , Islamic retail bank licenseesG financing companies and PSPs operating electronic wallets, (referred to in this Module as "licensees maintaining customerG accounts"). Given the nature of risks inherent in online activities, the ancillary service providersG undertaking such activities will be subject to strict regulatory standards to ensure the integrity and safety of customerG data, the APIs, customerG on boarding process, authentication process, communication sessions, process for tracking of security incidents and associated standards of dealing with the customersG while undertaking this activity.

        Added: December 2018

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