🌍
Jurisdiction
Kuwait
📅
Effective Date
2025
Jan 1, 2025
✅
Full Compliance
TBD
🏛️
Regulator
Central Bank of Kuwait
Overview
The Central Bank of Kuwait announced Open Banking with connection to its Fintech Sandbox established in 2018. A working group with major banks is defining implementation specifications.
Scope & Coverage
AISPIS
Key Requirements
1
CBK licensing2
Sandbox participation3
API standardization4
Consumer protectionImplementation Timeline
Jan 1, 2018
Fintech Sandbox established
Jan 1, 2023
Working group with major banks formed
Key Notes
Working group with NBK, KFH and other major banks defining specifications. Expected completion end 2023.
Official Resources
Related Regulations
Other open banking frameworks in Middle East:
'%3e%3cpath fill='%23012169' d='M0 0v30h60V0z'/%3e%3cpath stroke='%23fff' stroke-width='6' d='m0 0 60 30m0-30L0 30'/%3e%3cpath stroke='%23C8102E' stroke-width='4' d='m0 0 60 30m0-30L0 30' clip-path='url(%23b)'/%3e%3cpath stroke='%23fff' stroke-width='10' d='M30 0v30M0 15h60'/%3e%3cpath stroke='%23C8102E' stroke-width='6' d='M30 0v30M0 15h60'/%3e%3c/g%3e%3c/svg%3e){kind=small}
'/%3e%3cuse xlink:href='%23a' transform='rotate(144 450 300)'/%3e%3cuse xlink:href='%23a' transform='rotate(216 450 300)'/%3e%3cuse xlink:href='%23a' transform='rotate(288 450 300)'/%3e%3c/svg%3e){kind=small}
Need to comply with Kuwait Open Banking?
Explore API aggregators that support Kuwait compliance.