Best Open Banking Platforms in the Middle East

Plaid is a global fintech infrastructure platform that enables businesses and consumers to securely connect to financial data and services. Through APIs that connect to more than 12,000 financial institutions across 20+ countries, Plaid operates the world’s largest open banking data network. By removing the complexity of direct bank integrations, Plaid enables developers, financial institutions, and enterprises to build secure, user-friendly, and conversion-optimized financial products. Plaid powers payments, lending, identity verification, fraud prevention, and personal finance applications. Today, more than 100 million people worldwide, including half of U.S. adults, have relied on Plaid through their connections to over 7,000 apps and services.

finAPI is a secure and easy-to-use platform to connect companies, banks, and individual users. Our open banking API gives companies the possibility to access and analyze account data or even initiate payments on behalf of customers. We also offer support to banks and financial service providers with an XS2A server, which delivers a PSD2-compliant banking interface for TPPs. finAPI is flexible, adaptable, and always ready for the next challenge. We can help you to create innovative financial services that deliver real added value for you and your customers. Having easier access to data smooths innovation and process optimization. finAPI’s data intelligence modules enable comprehensive analysis of financial data including categorization, various cash flow, and risk reports as well as contract recognition. Data enrichment, artificial intelligence, and machine learning algorithms ensure the highest data quality and the best possible results.

The easiest way to set up your mobile banking solution. Choose FinCell, a white-label solution for financial institutions that want a cost-effective and easily customizable mobile banking app. FinCell is based on open banking principles, ensuring effective integration with your core system through open APIs. FinCell’s information security and quality management are backed by ISO 27001 and ISO 9001, proving that all needed safety and compliance measures are integrated into a product. FinCell is developed by experts certified in CISSP, CDPSE, and CISA, ensuring best industry practices. Get your mobile banking app up and running in 2 months, FinCell offers pre-defined features, helping you to reach the market faster. Pay for what you actually use. FinCell works on a subscription-based pricing model, where fees are related to your customer base. Easily scalable FinCell helps you increase revenue, grow your customer base, and reduce churn rate.

TrueLayer is the leading technology company providing secure, global access to financial infrastructure. Developers use our APIs to build best-in-class products that securely access data and initiate payments in real-time. Founded in 2016, TrueLayer is connected to major banks across the world, backed by leading venture capital, and trusted by some of the biggest names in fintech including Monzo, Revolut, and Zopa. By making the power of open banking accessible through our platform, TrueLayer enables developers across any industry — from startups to enterprises — to reinvent financial services. TrueLayer is available in the UK, Europe and Australia. Easily integrate next-generation payments and financial data into any app. Build powerful products your customers love. Send and receive money on the fastest rails at the lowest rates with a first-class user experience. No cards. No fraud. No chargebacks.

BANKTRON Open Banking provides a robust set of APIs and management tools to comply with PSD2 requirements and go beyond compliance demands. Our Open Banking solution focuses on PSD2 compliance needs and strictly follows the Regulatory Technical Standard, as well as regulatory requirements, specific for every market. We start with PSD2 compliance APIs first – Access to Accounts and Payment Initiation. We include commitment to comply with the regulatory requirements for the whole system lifetime, and to undertake whatever changes and enhancements necessary to keep compliant.

One PSD2 compliant platform, endless opportunities. Build the future of financial services. Access a broad range of high-quality financial data from banks across Europe through a single API. So you can provide smart financial services – or engaging new customer experiences. If you’re a big bank looking for a custom-built solution, a growing fintech looking for a technology partner or a small business looking for the tools to enable your ideas – we’ve got you. Our platform is built to enable ideas of all shapes and sizes.

Access to the full potential of open banking in one place. The Banking API aggregator allows quick integration with all banking APIs in Europe using a single interface. Fast and optimal connection to banking APIs without the need to take care of implementation differences between banks. With 6+ sandboxes built for our clients, we have gained experience that allowed us to create a solution that is quick and easy to implementation. We provide a connection to the API, and you can focus on your business. We can provide services as time-and-material staff outsourcing (engineers, architects, PMs) but we mostly deliver fixed-price projects with defined scope, timeframe and budget – also in the near shore model. This makes our services exceptionally effective and competitively priced. We’ve delivered over 5000 integration services and 1500 successfully integrated systems.

Yapily helps you deliver a faultless customer experience, while staying on top of an ever-changing Open Banking compliance landscape. Designed for open banking and delivering seamless connectivity. Only technology company to be selected by IBM for open banking offering. Reaching new markets and bigger volumes as open banking API’s are released. Using a single open API, you can access the data you need to enrich the end-users experience. From aggregating, categorising and enriching account information, to initiating payments and transactions, your business gains the visibility to offer personalised financial advice. By eliminating the technical barriers, Yapily enables any business to interact with customers using one seamless, secure connection. Banks, financial providers and developers have the building blocks to build, connect and monitor their own API’s for communication within minutes.

Salt Edge is a leading financial API platform with PSD2 and open banking solutions for every business. The company has two main vectors of activity: 1. Enabling third parties to get access to 5,000+ bank channels via a unified gateway. 2. Developing the technology necessary for banks to become compliant with the directive’s requirements. ISO 27001 certified and open banking licenced in the UK, the company employs the highest international security measures to ensure stable and reliable connections between financial institutions and their customers. The company is integrated with thousands of financial institutions in 50+ countries and takes great pride in providing open banking solutions to various financial institutions, including ING Bank, Western Union, Finom, Pleo, Freshbooks, Hyperjar, Azimut, Odoo, MoneyWiz, and many others. Salt Edge has been named a Strong Performer in The Forrester Wave™: Open Banking Intermediaries, 2023 Report.

Connect your app to your users’ financial data in the easiest and most secure way through a single Open Banking API. Build engaging and next-generation products your users will love. Your users' financial data comes in multiple formats, from different sources. We connect to over 90% of personal and business bank accounts in Latin America, as well as tax institutions and gig economy platforms. Our Connect Widget can be integrated into your product in just minutes. Save months of development and focus on what really matters to you. Our platform is built on top of best-in-class security infrastructure and we are currently going through ISO 27001 certification. Connect your users’ financial accounts and enrich their data in simple steps. From lending to smart saving, we’ll help you create what your users need. Access, aggregate, and interpret customers’ financial information, such as their income, to build better borrowing experiences.

Built by developers, for developers. API-based technology allows you to create your applications on top of our powerful financial tools. Security is at the core of our technology philosophy. Enhanced security with two-factor authentication, secure storage and backup for robust disaster recovery, and strict internal access controls comes as standard. The ability to support massive amounts of data at scale sets TradeCore apart in the financial sector. We build systems for industry titans, and empower them to take their business even further. Access industry-leading data vendors with our asset-class agnostic trading interface. Issue your own Mastercard® virtual and physical cards with compliance made easy. Make the most of open banking without making more work for your team. Automate and secure cryptocurrency dealings with full.

FIS Integrated Banking Solution (IBS) is a flexible, open core banking platform designed to support modern financial institutions. It enables banks to manage banking activity seamlessly across all channels, including mobile, branch, ATM, and digital touchpoints. Built on the scalable FIS platform, IBS helps institutions make data-informed decisions and accelerate product innovation. The solution reduces complexity, cost, and risk associated with third-party integrations and new product launches. IBS supports deeper customer engagement by providing a complete view of the customer lifecycle. Its open banking architecture allows banks to quickly build and deploy next-generation financial products. Designed for growth, FIS IBS scales alongside institutions as they expand organically or through acquisition.

Secure access to financial data in real time, through a simple API integration. Implement any of our APIs with just a few lines of code. Companies can access real-time and standardized data directly from banks and other institutions through a proprietary API connection.

Advantica Cloud Core Banking is our proprietary electronic banking system that provides a fully comprehensive core banking service. It offers multi-channel banking products and services as well as support in the implementation of business plans. The system supports the latest requirements defined in the Payment services Directive (PSD2) and Open Banking. Advantica is a secure, stable, scalable and reliable solution that Softax has implemented in the largest financial institutions in Europe.

PSD2 aims to regulate innovative digital payment services, guarantee transparency, and enhance the security of online payments. It also opens the paying markets for competition and requires the achievement of PSD2 compliance of all banks. To meet the growing demand for all-in-one solutions, we designed an Open Banking Suite with a modular structure, that consists of an API hub, called Up2Connect, a strong customer authentication (SCA) module, called Up2Seal, and a payment terminal, called Up2Pay. The solution covers not only the Berlin Group standards but also the local regulations for the users. The financial organizations can choose between the integration of the module they need or bundle integration. Sirma can be a trusted technological partner in delivering open banking compliance through the Up2Connect module and enhanced security with the Up2Seal module. We believe the changes that PSD2 imposes will lead to the digital revolution in the financial market.

We’re bridging the gap between the information and the insight, helping you serve more customers, build better products, and make smarter decisions. A revolutionary new approach to financial status and creditworthiness. Leverage cash flow underwriting to accurately predict credit default risk, and score missing- and thin-file consumers. Refine, categorize, and enrich disorganized transaction data to generate clean, simplified, and accurate account activity. Surface key insights and features describing consumer financial status like liquid assets, financial obligations, spending patterns, and more. Analyze banking transactions to identify gross and net pay, income stability, employment, and income sources. The future of open banking is here. Whether you’re in banking, lending, real estate, personal finance, or insurance, Prism Data provides you with a powerful opportunity to do more with your data.

Path Solutions is a Fintech solution provider of Digital & Social Banking, Mobility, Business Analytics, Risk Management, Compliance and AAOIFI-certified Core Banking software. Its multi-award winning Islamic core banking platform iMAL, developed in Java EE with an Open Architecture is highly reliable, cloud-ready, deployable on a fully scalable, multi-server n-tier architecture, and supports open banking through open APIs and web services. Path Solutions’ total commitment to open standards enables its clients to benefit from the latest technology advances ensuring business agility, continuity, data integrity and availability, and low downtime, delivering a significant and immediate ROI.

Axway's Amplify Open Banking is a comprehensive solution designed to help financial institutions navigate the complexities of open banking regulations and integrate seamlessly into digital ecosystems. It facilitates compliance with laws such as the CFPB Dodd-Frank Act Section 1033 by eliminating insecure practices like screen scraping and enhancing consumer consent management. The platform offers prebuilt APIs adhering to open banking standards, enabling rapid deployment of innovative services without operational disruption. Additionally, it provides tools for API monetization, allowing institutions to create new revenue streams while ensuring secure and reliable data management. With features like low-code/no-code capabilities and a built-in API marketplace, Amplify Open Banking delivers an intuitive developer experience, fostering faster business process deployment and broader API adoption.