These solution offerings demonstrate how Open Finance APIs can be combined to deliver smarter, faster, and more inclusive financial services, further transforming the way individuals, businesses, and institutions interact with finance. These examples also highlight the wide-ranging benefits and opportunities that Open Finance brings to consumers, businesses, and financial institutions alike.
Explore use casesConsent in AlTareq means that you explicitly authorise Third-Party Providers to access specific financial data or initiate services on your behalf. Consent is always required before any data sharing or service initiation occurs, ensuring you retain full control over your financial information. You can revoke, pause, or modify your consent at any time through the consent management online or in apps provided by Licensed Financial Institutions, Third-Party Providers or the AlTareq Consent Manager.
Consent requests are initiated through the Third-Party Provider app and consent authorisation is then confirmed by you via your selected Licensed Financial Institution (e.g. bank or insurer) or AlTareq Consent Manager. You can view, pause, or cancel your consent at any time.
The AlTareq Consent Manager App allows you to give permission and manage your financial data you share through AlTareq. It's a trusted, centralised app that lets you manage all your consents in one place, and for certain financial institutions you can use it to approve payments, share data, in the event the financial institution does not have its digital channel.
