What is open banking in Pakistan?

Open banking in Pakistan is regulated by the State Bank of Pakistan (SBP) through its Open Banking Framework and the RAAST instant payment system. It allows Third Party Providers (TPPs) to access bank account data and initiate payments with customer consent. FintechPaa's Open Banking Fundamentals course teaches the consent model, API architecture, and how to comply with SBP's open banking requirements.

Is there an open banking course in Pakistan?

Yes. FintechPaa offers a 2-week Open Banking Fundamentals training course in Islamabad, Pakistan. It covers PSD2-style consent, AIS (Account Information Services), PIS (Payment Initiation Services), the SBP Open Banking Framework, account aggregation architecture, and building your first open banking integration from scratch.

What is the SBP Open Banking Framework?

The State Bank of Pakistan's Open Banking Framework defines how financial institutions and Third Party Providers (TPPs) share data and initiate payments in Pakistan. It establishes standards for consent management, API security, data portability, and customer protection. FintechPaa's course explains the framework in detail alongside practical implementation guidance.

What is the difference between AIS and PIS in open banking?

AIS (Account Information Services) allows a TPP to read account data — balances, transactions, and statements — with user consent. PIS (Payment Initiation Services) allows a TPP to initiate payments from a user's bank account. Both require consent management, SCA (Strong Customer Authentication), and token lifecycle management. FintechPaa's course covers both from first principles.

Open Banking

Open Banking Fundamentals

A ground-up path into regulated data sharing and payment initiation: standards thinking, security, and product design—whether you target EU-style PSD2 or analogous markets.

Format: 2 weeks · instructor-led or self-paced options · certificate of completion · examples from our production builds (Meras, Infinipi, and others).

What you will be able to do

Explain why open banking exists and how TPP/ASPSP incentives differ.
Navigate consent UX patterns that reduce drop-off while staying compliant.
Read API specs pragmatically: accounts, balances, transactions, payments.
Prototype an integration architecture with sandboxes and certificates.
Anticipate operational issues: PSU migration, revoked consent, data latency.
Connect to real product ideas: PFM, lending, verification, merchant checkout.

Syllabus

Week 1 — Concepts, security & AIS

History and policy drivers: competition, innovation, consumer protection.
Actors and trust models: directories, registry, QA certificates.
Consent UX deep dive: clarity, granularity, renewals, withdrawal.
Authentication journeys: redirect, app-to-app, decoupled introductions.
AIS use cases: aggregation, verification, affordability signals (ethics).
Data quality: transaction categorization, duplicates, timing delays.
Hands-on: map a sandbox onboarding checklist.

Week 2 — PIS introduction & productization

PIS user journeys vs cards; when bank pay wins on UX or cost.
Payment status models and reconciliation to merchant orders.
Developer experience: SDK strategy, error translation, support tooling.
Commercial models: interchange vs open banking pricing realities.
Global lens: UK/EU vs emerging open finance regimes—pattern transfer.
Capstone: mini product brief + integration diagram for one use case.

Tools & concepts

Sandbox APIs Postman/Insomnia mTLS basics Sequence diagrams Product briefs

Capstone

Choose AIS or PIS use case; deliver user stories, consent copy outline, and technical block diagram.

Who should attend

Career switchers, junior engineers, and PMs new to regulated finance APIs.

Prerequisites

None beyond general web technology curiosity.

Apply for this course

Fee $1,600 · 2 weeks. Students receive 50% off with valid ID. We will email payment instructions and next steps after you submit.

Full name *

Email *

Phone number *

Participant type *

Message (optional)

Corporate or bulk seats? Contact us. For other courses see all trainings.

Open Banking Pakistan — Frequently Asked Questions

The State Bank of Pakistan (SBP) Open Banking Framework defines how licensed banks and third-party providers (TPPs) share customer financial data via secure APIs. It mandates consent management, data standards, and security requirements under SBP's regulatory oversight. FintechPaa's open banking training covers the full SBP framework in depth.

Yes — SBP has issued regulatory guidelines and pilot banks in Pakistan are already implementing open banking APIs. Fintech companies can apply for TPP (Third Party Provider) licences under SBP rules to access consumer banking data with consent. This course prepares you to operate within that live regulatory environment.

AIS (Account Information Services) providers read account data — balances and transaction history — with customer consent. PIS (Payment Initiation Services) providers initiate payments directly from a customer's bank account without using a card. Both roles require TPP authorisation from SBP in Pakistan and are covered in our open banking course.

This training is ideal for bank product managers, fintech developers, compliance officers, regulators, and anyone building or overseeing open banking solutions in Pakistan. No prior API coding experience is required — the course covers both business and technical dimensions of SBP-regulated open banking.