Bank Negara Malaysia today released a Policy Document that sets out its guidance on the development and publication of Open Application Programming Interface (Open API) for open data by licensed banks, licensed Islamic banks, licensed insurers and licensed takaful operators.
 
This policy document outlines recommendations, including architecture standards, data standards and security standards for financial institutions in developing and publishing Open Data API. The policy document is accompanied with the Open Data API Specifications.
 
The policy document came into effect on 2 January 2019.