Open Banking will make it easier for you to compare the details of your accounts and other banking services across different banks in the Kingdom of Bahrain. Say you are looking for a new or better banking product, sharing your information with this new technology makes it easy to find the best product for your individual needs.
The following are two use cases as examples:
- Personal financial management applications - These can show you where your money is being spent and where it is coming from
- Aggregator applications - A single application providing full details of all your accounts across different banks in the Kingdom.
To Use 'Open Banking' services:
- Download our mobile application “KFH Jazeel Banking" & register as a user.
- Click “Open Banking" in the "KFH Jazeel Banking" application main menu to access the service and register in it.
- Provide required consents through "Consents Management" screen.
Granting "Account Information" access to third-party applications:
- Register with a third-party application licensed by the CBB.
- Select “Kuwait Finance House-Bahrain" in the list of banks displayed.
- You will receive a notification on the "KFH Jazeel Banking" mobile application containing the request.
- Approve the request to grant permission for the selected accounts to third-party application.
- Your account information can now be accessed by the third-party application.
- You can now view and revoke your permissions at any time through “Consents Management" option.
"Initiating payments" from third-party applications:
- Register with a third-party application licensed by the CBB.
- Select “Kuwait Finance House-Bahrain" in the list of banks displayed.
- You will receive a notification on the "KFH Jazeel Banking" mobile application containing the transaction details.
- Select the account you would like to pay from and click approve.
- The approved transaction will be processed by the third-party application.
- You can now view the transaction's status under the “Payments" tab.
- هذه الخدمة متاحة لجميع عملاء بنك بيت التمويل الكويتي -البحرين