Open Banking Specifics in Malta
# Authentication flows and SCA
Maltese banks primarily use redirect-based authentication flows for Open Banking under PSD2 regulations. Strong Customer Authentication (SCA) is typically performed through mobile banking applications with biometric authentication or through combination of PIN and SMS OTP. Most banks require users to input their online banking credentials before completing SCA through their respective mobile apps.
# Major Banks (ASPSPs)
The most widely used Maltese ASPSPs, in order of market significance, are:
A complete list of Maltese ASPSPs is available here (opens new window).
# Payment Specifics
All major Maltese banks support SEPA Credit Transfers (SCT) in EUR (Euro) through their Open Banking APIs, as Malta is part of the Single Euro Payments Area (SEPA).
SEPA Instant Credit Transfers (SCT Inst) are increasingly supported by Maltese banks, enabling real-time transfers that are processed within seconds and available 24/7/365.
# Specifics per ASPSP
# APS Bank
Integration towards APS Bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# Bank of Valletta
Bank of Valletta (BOV) is Malta's largest bank. The bank implements redirect-based authentication flow with SCA is handled through the bank's mobile banking application.
The bank has launched SEPA Instant Payments and supports both incoming and outgoing instant transfers.
# BNF Bank
Integration towards BNF Bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# FCM Bank
Integration towards FCM Bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# HSBC
HSBC Malta provides redirect-based authentication flow with SCA performed through the HSBC Malta mobile banking app. Automatic app-to-app switching is supported on mobile devices when the app is installed.
# Izola Bank
Integration towards Izola Bank is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.
# Lombard Bank
Integration towards Lombard Bank Malta is not yet supported by Enable Banking. If you are interested in integrating with this bank's Open Banking interface, please contact our tech support.