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Bahraini lenders urged to gear up for open banking

Bahrain Business
Fri, 11 Jan 2019
Avinash Saxena


MANAMA: Retail banks operating in Bahrain have until the end of this month to outline how they intend to implement ‘open banking’ required by new regulations. The new regulations seek to enable third-party payment initiation service providers (PISPs) and account information service providers (AISPs) to gain “unhindered and efficient” access to bank customer accounts, with a view to those companies providing innovative new services to those customers in Bahrain.