Press Releases
CBK Issues Open Banking Regulatory Framework
In keenness to keep up with the latest FinTech innovations, the Central Bank of Kuwait (CBK) announces the issuance of the final version of Open Banking Regulatory Framework following its review of all feedback and comments received on the draft framework that CBK released in June 2025 to promote transparency and stakeholder engagement.
In a statement, CBK pointed out that it seeks to regulate open banking activities by developing the regulatory instructions, and security, technical and operational standards in line with the global best practices to enable CBK-regulated financial institutions to offer their Open Banking services in the State of Kuwait.
The statement also noted that the launch of open banking services marks a major shift in the services offered by the banking and financial sector, as it enables local banks to securely share data with Account Information Service Providers and Payment Initiation Service Providers authorized by CBK to introduce new products and services in the State of Kuwait, based on the customer’s explicit consent.
The scope of open banking in the State of Kuwait includes services that provide customers with a single view of all their accounts held with local banks, in addition to tracking their spending, developing appropriate plans for saving and spending, facilitating loans and letters of guarantee, and initiating payment orders from their bank accounts, as well as exploring and comparing banking products and services to identify the options best suited to their needs.
