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Jurisdiction
Kuwait
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Regulations
1
Open Banking frameworks
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Region
Middle East
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Type
NCA
National Competent Authority
About CBK
The Central Bank of Kuwait (CBK) is the primary financial regulatory authority in Kuwait responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), CBK ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.
SCA Update: The CBK formulates monetary policy and supervises banks and payment systems. Open banking initiatives fall under CBK oversight.
Jurisdiction
Kuwait
View Open Banking providers, banks, and TPPs in Kuwait
Regulations Overseen
CBK is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:
Key Responsibilities
Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters
Official Resources
Related Regulators
Other open banking regulators in Middle East:
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