Unlock the potential of financial data sharing with secure, compliant Open Banking APIs that accelerate innovation and enhance customer experiences. Bank of Beirut (UK) Ltd is committed to ensuring full compliance with UK Open Banking regulations while delivering services that put you in control of your financial data.

Benefits of Open Banking

Increased innovation — Collaborate with authorised fintech companies to develop new products and services that meet evolving customer needs.

Enhanced customer experience — Deliver personalised services and streamlined processes to provide a seamless banking experience.

Regulatory compliance — Navigate the complexities of UK financial regulations with confidence, meeting all requirements set by the Financial Conduct Authority and the Prudential Regulation Authority.

Empowered decision-making — Leverage detailed insights from a broader range of financial data to make more informed decisions.

Secure data sharing

Our Open Banking APIs provide a secure framework for sharing financial data with authorised third-party providers (TPPs), with robust encryption and authentication protocols to protect sensitive information.

Customer consent

At the core of Open Banking is the principle of customer consent. You have complete control over your data, choosing what to share and with whom, ensuring transparency and trust in the services provided.

Enhanced services

With the integration of third-party data, banks can enhance existing services or develop new ones that offer more personalised and efficient customer experiences — from improved financial advice to faster loan processing.

Frequently asked questions

What is Open Banking?
Open Banking is a system that allows you to share your financial data with authorised third-party providers. This is done through APIs, which allow different software systems to communicate with each other securely.

Is Open Banking safe?
Yes. Open Banking in the UK is regulated by the Financial Conduct Authority. Third-party providers must be authorised and monitored to ensure they comply with strict security standards. You control who has access to your data and for what purposes.

How do APIs work?
An API is a set of instructions that allows different software systems to communicate with each other. When you use Open Banking, you will be asked to give permission for a third-party provider to access your financial data to offer you services or products. Our APIs use advanced encryption and authentication methods to protect your data.

Can anyone access my data?
No. Only authorised third-party providers can access your data through Open Banking, and only with your consent. You can revoke consent at any time if you no longer want a provider to have access.

Can a third-party provider make a payment from my account without my authorisation?
No. A third-party provider cannot make a payment from your account without your authorisation. You will always be asked to confirm and authorise any payment on the bank's website or mobile app before it is initiated.

What information will companies be able to see?
Third parties will only be able to see the financial data that you have given them permission to access. This might include information about your accounts, transactions and balances, but they will not be able to see sensitive information beyond what you have authorised.