What is a Third Party Provider?

A Third Party Provider (TPP) consumes Open Finance services through the central API Hub. With the required customer consent, it can read financial data or initiate payments. These capabilities support budgeting apps, pay-by-bank checkouts, account aggregation and lending informed by cash flow. An LFI can also act as a TPP where its permissions and licence allow.

In the UAE, TPPs register with the trust-framework directory, obtain certification, and integrate through the central API Hub. Directory role claims include BDSP (Bank Data Sharing Provider), BSIP (Bank Service Initiation Provider) and ISP (Insurance Service Provider). These claims describe permissions, not a TPP licence classification. The Observatory records observed directory registrations and published resources; it does not verify whether a provider is licensed for a particular proposition or actively using an API.