We're excited to announce that Curity has certified that the Curity Identity Server version 8.7.0 conforms to the FAPI OP - Kingdom of Saudi Arabia Open Banking (FAPI OP - KSA OB) profile of the OpenID Connect protocol.
"As the regulations evolve, we continue to closely align our product functionality and comply with the changing requirements. Certifying for the FAPI OP - KSA OB is an important milestone and we are looking forward to helping financial services organizations in Saudi Arabia to comply with the Open Banking framework regulations" - says Curity's CTO Jacob Ideskog.
Open Banking aims to enable customers of banks and other financial institutions to securely share their financial data with third party providers, giving customers access to new and innovative financial services and products. The Saudi Central Bank (SAMA) started rolling out its Open Banking Framework, a regulatory framework that includes a comprehensive set of legislation, regulatory guidelines and technical standards, in late 2022.