Banking 2 min read
The Open Finance Banking capabilities enable secure and efficient financial data sharing, payment initiation, and verification, empowering third-party providers (TPPs) with the necessary tools to enhance user experience and financial services.
All services are provided with strict consent management and detailed data access permissions.
Which LFIs are live on Open Finance Banking
LFIs currently serving Banking requests — across data sharing, payments, CoP, products, and ATMs — on UAE Open Finance.
Browse the Banking capabilities
The full set of capability areas covered by the TPP Banking standards.
Bank Data Sharing
Consented access to account, balance, transaction, beneficiary, direct debit, standing order, scheduled payment, and party information. Permissions such as ReadAccountsBasic, ReadBalances, and ReadTransactionsDetail control which fields are returned, with data filtered by consent expiry and date ranges.
- Account & balance information
- Transaction & statement history
- Standing orders, direct debits, beneficiaries
- Party & product information
Service Initiation (Payments)
Initiate domestic and international payments on behalf of users after obtaining explicit consent. Single one-shot payments and multi-payment consents — fixed or variable, on-demand, periodic schedule, or defined schedule — cover everything from checkout to subscription billing and instalment plans.
- Single Instant Payments
- Multi-payment consents (6 variants)
- Delegated SCA
- Refunds & multi-authorisation
Confirmation of Payee (CoP)
Verify that a payee’s name matches the account holder before executing a payment, reducing misdirected payment risk. A two-step flow — discovery (resolve the LFI from the IBAN) followed by a confirmation request — returns Yes / Partial / No match indicators.
- Discovery by IBAN
- Name match check
- Yes / Partial / No outcomes
- Reduces APP fraud risk
Products & Leads
Browse current product catalogues across LFIs (savings, current accounts, credit cards, finance, mortgages) and create leads for product origination. Filter by Sharia compliance, product category, last updated date, with retail and business banking products both supported.
- Public product catalogues
- Sharia compliance filter
- Lead creation for origination
- Retail & business products
ATMs
Retrieve ATM location and service data published by LFIs. A read-only, public-data API — no user consent or redirect required. Each ATM record includes location, supported services, accessibility features, fees, and withdrawal limits.
- Locations & GPS coordinates
- Supported services & currencies
- Accessibility features
- Fees & withdrawal limits