What is a Third Party Provider?
The plain-language version — and a pointer to the operator's canonical standards.
A Third Party Provider (TPP) is a licensed company that — with the customer's consent — reads financial data or initiates payments through the UAE's Open Finance framework (Al Tareq), without ever holding the customer's money. TPPs are what turn open finance from infrastructure into products: budgeting apps, pay-by-bank checkouts, account aggregation, and lending that can see real cash flow.
In the UAE, TPPs register with the trust-framework directory, obtain certification, and integrate through the central API Hub. Roles include BDSP (data access), BSIP (payment initiation) and ISP (information services). You can see every registered participant and who is live in the Observatory.