Open banking service is process whereby financial institutions share their clients’ data after obtaining client approvals to provide their banking data on a secure platform that is used by institutions that provide value-added financial services. For example, the client may obtain information regarding the best available profit rate on a car finance or get the best offer from insurance companies.
To activate Open Banking Services, client should follow the below steps:
1. If the client has a Jazeel account opened through KFH Jazeel application:
a) Click “Open Banking" in the "KFH Jazeel Banking" application main menu to access the service.
b) Select “Consent Management”.
c) Agree to the terms and conditions after reading them.
d) After giving approval to the bank, you will be able to register with the service provider (external institutions that will provide you with value-added financial services)
2. If the client does not have a Jazeel account but is registered on the KFH Jazeel application, then the steps mentioned in No. (1) above should be followed.
3. If the client does not have a Jazeel account and is not registered on the Jazeel application:
a) Download KFH Jazeel application.
b) Register on KFH Jazeel with or without opening an account.
c) The steps mentioned in No. (1) above should be followed to authorize us to place your information on the desired platform.
Third-party applications can integrate with KFHB Open banking by following details mentioned in the below developer portal link:
https://developer.kfho.sandbox.tarabutgateway.io/perry/developer/welcome
For any inquiries please contact [[email protected]]