Regulatory Alerts2022-01-17
Implementation of an Open Banking Standard in Israel
The Banking Supervision Department of the Bank of Israel has deferred the implementation dates for Israel's open banking standard to align with the upcoming Financial Information Service Law. The directive updates Proper Conduct of Banking Business Directive no. 368 by setting March 31, 2022, as the start date for providing access to payment card information and payment initiation services. Additionally, the obligation to provide access to credit, savings, and deposit information is scheduled to commence on October 31, 2022.
Share