the 1. Version Control

...

Sharing product details allows AISP to request for ASPSPs products details. ASPSP returns a collection of products and services requested by the AISP. These specifications allow API providers (e.g. banks) to develop API endpoints which can then be accessed by API users (e.g. AISPs) to build mobile and web applications for userusers/customers.

Currently, product and price comparison websites have to obtain their product data either via bank proprietary APIs, via information collected by dedicated data capture agencies or via "screen scraping" (i.e. capturing product web page information and writing scripts to extract relevant data). This work is complex and prone to error, so having a standard API would make the data capture side much easier and allow more third-party providers to provide applications that could target particular consumer markets. This endpoint can contain multiple brands owned by a particular banking group. Each brand can own multiple products.

For the current scope in Bahrain’s open bankingOpen Banking, ASPSPs must share all the product details if requested by AISP. Also, ASPSPs may choose to share with other parties based on the bilateral agreement.

...

For the purpose of Bahrain’s open banking Open Banking the following list of products and services to be shared by the ASPSPs to the AISP upon their request for sharing product details.:

• Current account, savings account (including foreign currency account, cash management account, etc.)

• Investment/Deposits accounts

• Loans (including financing products, overdraft facilities, mortgages, etc.)

• Cards (including credit cards, prepaid cards, charge cards, E-Wallets, etc.)

• Fund transfer services

...