Regulatory Alerts2022-11-28
Added · Updated
Regulations on the Procedures for Operating Open Finance Services No. (3/2022)
The Central Bank of Jordan mandates that licensed banks and payment companies align their operations with open finance regulations within one year of issuance. The document establishes governance, risk management, and contractual obligations for third-party providers (TPPs), requiring explicit customer consent, secure API access, and strict data protection standards. It defines specific technical and security requirements for Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) to ensure the safety and integrity of financial data sharing.
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Topics
open-banking
privacy
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