Spare is an Open Banking Platform provider and provides the infrastructure that connects the banks,
the customer and the third parties that want access to the data and allows the customer to securely
share their data
Spare is licensed by the Central Bank of Bahrain as an Account Information Service Provider & Payment Initiation Service Provider (AISP/PISP). Spare is also part of the Central Bank of Kuwait Fintech Regulatory Sandbox and permitted by KSA's SAMA Fintech regulatory sandbox.