🌍
Jurisdiction
Israel
📅
Effective Date
2021
Apr 1, 2021
✅
Full Compliance
TBD
🏛️
Regulator
Bank of Israel
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
AISPISCAF
Key Requirements
1
BOI licensing2
Berlin Group API alignment3
Strong authentication4
Consumer consentImplementation Timeline
Jan 1, 2017
Open Banking Law passed (Competition and Centralization Reduction)
Apr 1, 2021
BOI published implementation guidelines
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:
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