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ID: cmkd3hdho000167lym5enmy7vComplianceACTIVE
Open Banking API Guidelines
12/10/2024
SRC: SAMA
EXECUTIVE_SUMMARY
New technical standards enable secure data sharing between banks and licensed fintechs
Comprehensive guidelines for open banking implementation and data sharing standards in Saudi Arabia
SAMA has published detailed technical guidelines for implementing open banking APIs across Saudi financial institutions.
Implementation Timeline
- Phase 1: Account information APIs (Q1 2025)
- Phase 2: Payment initiation APIs (Q3 2025)
- Phase 3: Advanced services (Q1 2026)
The guidelines cover authentication, encryption, consent management, and data access protocols.
REFERENCES_INDEX
FILE_PROPERTIES
- Published
- 12/10/2024
- Source
- SAMA
- Status
- PUBLISHED