SBP Proposes Open Banking Rules for Customer Data

SBP has proposed open banking rules allowing customers to securely share their banking data with authorised fintechs, with public feedback invited by November 30, 2026. Open banking, in this proposal, is a system in which a customer chooses to let an approved financial technology firm see their banking data.

SBP is the State Bank of Pakistan. Authorised fintechs are the financial technology firms the rules would approve. Securely means the sharing is meant to happen with protections in place. The rules are proposed, and the public can send feedback until November 30, 2026. The update does not say the rules are already in force.

What the open banking proposal would allow

Customers could share their banking data with authorised fintechs. The sharing is described as secure. The proposal is open for public feedback until November 30, 2026. SBP is the institution that put the rules forward.

Our verdict

SBP has proposed open banking rules that would let customers securely share banking data with authorised fintechs. Comments are invited by November 30, 2026, and the rules are still a proposal.

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