finpeel Answers · Bahrain · updated 2026-08-14
Not if the fintech itself provides regulated AISP or PISP services. CBB open-banking rules require banks to provide access to authorised providers, so an unlicensed fintech cannot rely on customer consent alone to act as the regulated third party.
A software company can support a licensed provider technically, but the authorised entity must remain responsible for the regulated service and the customer-facing obligations.
Map who receives consent, accesses data and initiates payment orders before deciding whether the fintech is a vendor or an open-banking provider.
Regulator: Central Bank of Bahrain (CBB)
Primary sources: Central Bank of Bahrain — Open Banking
Directional — not legal advice. Verify with the regulator before committing.
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