Access-token | Payment Initiation Service | Account and Transactions | Glossary | TPP Onboarding | Contacts
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:
TPP may act with different roles as described below:
Al Salam Bank (Bahrain) provides the following two releases of Open Banking API for Third Party Poviders:
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.
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?
The detailed information is by the link Read more...
The detailed information is by the link Read more...
A PISP will be able to initiate payments on behalf of a customer from the customer's account with a bank (the ASPSP).
For example, someone making a purchase online can initiate a credit transfer via a PISP instead of using a debit or credit card. When customers choose this option, they agree to share their bank credentials with the PISP. The PISP then initiates a payment for the customer and the ASPSP will then execute the payment and debit the customer's account.
The detailed information is by the link Read more...
The detailed information is by the link Read more...
The detailed information is by the link Read more...
The Glossary is designed to provide a clear and simple explanation of the key terms you will find on this website.
| Acronym | Term | Definition |
|---|---|---|
| AISP | Account Information Service Provider | An Account Information Service provides account information services as an online service to provide consolidated information on one or more payment accounts held by a payment service user with one or more payment service provider(s). |
| API | Application Programming Interface | An Application Programming Interface is a set of routines, protocols, and tools for building software applications. An API specifies how software components should interact. |
Access-token | Payment Initiation Service | Account and Transactions | Glossary | TPP Onboarding | Contacts