Open Banking API

Specifications, Documentation, Reference Applications and Knowledge Base

INTRODUCTION

Open Banking is an initiative designed to improve and enhance everyone’s banking experience. The core idea of Open Banking is that you can provide banks and other online providers with secure access to your account(s) so that you can manage your current accounts in a way that is better suited to your needs. If customers have multiple current accounts they will be able to see those accounts all in one place.

This API intends to provide an interface between:

Account Servicing Payment Service Providers (ASPSP)
Third Party (Payment Service) Providers (TPP)

TPP may act with different roles as described below:

Account Information Service Provider (AISP) - AISPs provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider.
Payment Initiation Service Provider (PISP) - PISP is a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider.

Al Salam Bank (Bahrain) provides the following two releases of Open Banking API for Third Party Poviders:

AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider), supported since 2019 year.
BOBF AISP (Account Information Service Provider) and BOBF PISP (Payment Initiation Service Provider), supported since 2021 year.

TPP ONBOARDING

Please contact us via email for registration . After account registration, you will receive an email that contains an instruction in how to try Open Banking flow as a TPP.

ACCOUNT INFORMATION SERVICE

What is AISP (Account Information Service Provider)?
An AISP is a market player using a customer’s account information to build new advisory and information services for customers. An AISP has no agreements with your bank, but as a customer you can give AISP full access to all your account information, regardless of how many bank accounts you have.

An Account Information Service Provider (AISP) provides an information of all the accounts that a customer has with bank. To provide this information to the customer, the AISP should have authorization from the customer to view the corresponding transaction and balance information of the payment accounts.

Who is it for?

Third party account information service providers
Financial services firms