Israel's Open Banking framework is based on the 2017 'Law for Increasing Competition and Reducing Centralization in the Banking Market.' The Bank of Israel published implementation guidelines in 2021, with API specs based on Berlin Group NextGenPSD2. In open banking, Israel Open Banking is a key label for product and policy discussions. This summary keeps the same terms your teams will see in specs and public consultations.
Overview
Israel's Open Banking framework is based on the 2017 'Law for Increasing Competition and Reducing Centralization in the Banking Market.' The Bank of Israel published implementation guidelines in 2021, with API specs based on Berlin Group NextGenPSD2.
Scope & Coverage
Key Requirements
Implementation Timeline
API Specifications
Technical standards and API specifications for implementing Israel Open Banking:
Official Documents & Resources
Key Notes
Based on competition law from 2017. API specs aligned with Berlin Group NextGenPSD2.
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 Israel Open Banking?
Explore API aggregators that support Israel compliance.