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This section provides clarity on expectations of participants from an availability and performance perspective, defining benchmarks for various requirements. The OFP will provide all reports via a portal, and therefore LFIs are not expected to provide reports. This section provides clarity on how the reported benchmarks will be measured.
In all instances of an interaction referenced between an LFI and a TPP, it is implied that this interaction is facilitated via the OFP.
1.1 User Needs
TPPs need to rely on highly available and well performing APIs provided by LFIs so that they can offer reliable services to Users.
CBUAE will monitor the availability and performance of LFIs' APIs via the OFP to oversee and ensure the ecosystem's health and take any corrective actions if appropriate.
CBUAE will monitor the usage of Open Finance services to assess the adoption by Users.
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