OB-B.1.1

The provision of account information services and payment initiation services entails obtaining access to customer accounts (the term ‘customer’ refers to both natural and legal persons) through 'application program interfaces' (APIs) with licensees maintaining customer accounts include conventional retail bank licensees, Islamic retail bank licensees financing companies and PSPs operating electronic wallets, (referred to in this Module as "licensees maintaining customer accounts"). Given the nature of risks inherent in online activities, the ancillary service providers undertaking such activities will be subject to strict regulatory standards to ensure the integrity and safety of customer data, the APIs, customer on boarding process, authentication process, communication sessions, process for tracking of security incidents and associated standards of dealing with the customers while undertaking this activity.