Malaysia Open Banking

Open Banking Implementation Framework

ActiveOpen BankingAsia
Malaysia • Regulated by Bank Negara Malaysia (BNM)
📅
Effective Date
Jun 2022
Full Compliance
Jun 2025
🏛️
Regulator
Bank Negara Malaysia
BNM
📊
Scope Areas
3

Overview

Malaysia's Open Banking framework requires financial institutions to provide API access integrated with DuitNow instant payment infrastructure. Phased implementation across account types.

Note: Building on strong DuitNow adoption. Digital bank licenses support ecosystem growth.

Jurisdiction

Malaysia
View Open Banking providers and TPPs in Malaysia

Scope & Coverage

This regulation covers the following areas and services:

AISPISDuitNow

Key Requirements

DuitNow integration
Phased API rollout
TPP registration
Consumer consent

Timeline

Effective Since
June 1, 2022
Full Compliance Deadline
June 1, 2025

Official Resources

Related Regulations

Other Asia regulations you might be interested in:

Need to integrate with Open Banking APIs?

Explore our directory of API aggregators and TPPs to accelerate your compliance.

Interested in more insights?

Banq builds data products and ecosystem solutions for bank and fintech providers.

Join our private beta