Key Principles

The Open Finance platform is guided by key principles designed to protect users, promote adoption, and ensure that the system is future-proof and internationally compatible.

Core Design Principles

• User-Centric
  Users have full control over their data — including what is shared, with whom, and for how long. Transparency is built into every data-sharing flow.

• Consent-First
  No data is accessed without the user’s clear, explicit permission. Every request is traceable and revocable.

• Security & Privacy by Design
  Sensitive personal data is not stored on the platform. All data flows are encrypted, monitored, and handled through secure, regulated APIs.

• Global Standards
  The platform adopts global best practices for secure and scalable data exchange — including OAuth 2.0, OpenID Connect, and FAPI (Financial-grade API). These standards are widely used in leading Open Banking ecosystems (e.g. UK, Australia) to ensure strong authentication and safe integration between parties.

• Interoperability & Scalability
  Our architecture is designed to grow with the ecosystem. It aligns with BNM's API standards, and internationally recognised frameworks, ensuring compatibility with future domestic and cross-border initiatives.

• Use-Case Driven
  Every design decision is guided by real-world applications — from credit underwriting to financial health. We prioritise features that create tangible value for users and financial institutions alike.