Malaa Technologies is a Sandbox Licensed company that operates under Open Banking activities. Open Banking is a set of business, technology and security standards that allow banks to share banking information such as your transactions and account balances to third parties without exposing your bank credentials (username and password) using consent management and O-Auth protocols.

Once you decide to connect a bank account, you will be directed to your banking portal and asked explicitly if you would like Malaa to have access to your banking information. Upon your confirmation, a consent will be generated from the bank and information is shared securely with Malaa.

To learn more about Open Banking and how it works, please visit the Saudi Central Bank Saudi Central Bank Permits 3 New Fintech Companies to Provide Open Banking Solutions through its Regulatory Sandbox (sama.gov.sa)