This is a draft of the UAE Open Finance Standards. It is intended for review only, not for implementation.
What's new?
New functionality and specifications have been added in relation to the following:
Insurance API description that fulfils the data sharing requirements for motor insurance policies.
Pushed Authorization Request Endpoint description that provides details of the Rich Authorization Request Schema Objects used to initiate User authentication and authorization.
What’s changed ?
Since the previous draft, the following functionality and specifications have been updated:
Bank Data Sharing API description includes the
/partiesendpoint to provide details of the User as held by the LFI.Bank Service Initiation API description includes the Refunds endpoint and consent flag that allows debtor account details to be retrieved.
Bank Service Initiation API description includes the Bulk/Batch payments operations that allows TPPs to submit a file of payment instructions to an LFI via the OFP.
Bank Service Initiation API description references Aani codes rather than ISO 20022 for the property
PaymentPurposeCode.Bank Data Sharing and Bank Service Initiation API descriptions have been amended to include a standardised prefix of “AE” for Schema Object names.
API description pages have been renamed from “Swagger Documentation” to “OpenAPI Documentation” to provide the correct name of the API description language used.
What's to come?
Future drafts will include some/all of the following functionality and specifications: