13/07/2026Terms & Conditions
1. Definitions
For the purposes of these Terms and Conditions, the following words and expressions shall have the meanings set forth opposite them, unless the context requires otherwise:
- • Company: Excellence Application Solutions Technology Company MIS Connect, the entity providing the Services.
- • Customer: Any legal entity (company or establishment) that accesses or uses the Services, including its authorized representatives.
- • Authorized User: Any employee or representative authorized by the Customer to use the Services on its behalf.
- • Services: The Open Banking services provided by Excellence Application Solutions Technology Company MIS Connect.
- • AIS: Account Information Services only, without any payment services or execution of financial transactions.
- • Data: Any financial or banking information accessed or processed through the Services.
- • Consent: The explicit, specific, and prior authorization granted by the account holder to access their banking data in accordance with applicable regulations.
- • Platform: The technical systems, application programming interfaces (APIs), and any other technological means through which the Services are provided.
- • Financial Institutions: Licensed banks and financial institutions whose data is accessed through the Services.
- • Regulations: All applicable laws and regulations in the Kingdom of Saudi Arabia, including the instructions of the Saudi Central Bank (SAMA) and the Personal Data Protection Law (PDPL).
- • Unauthorized Use: Any use of the Services or Data that violates these Terms and Conditions, applicable regulations, or the scope of the granted authorization.
2. Acceptance of the Terms
By using the Services or permitting any Authorized Users to access them, you acknowledge and irrevocably agree to be bound by these Terms and Conditions.
Any use of the Services by Authorized Users shall be deemed to be use by the Customer and shall remain under the Customer's full responsibility.
Any use of the Services by Authorized Users shall be deemed to be use by the Customer and shall remain under the Customer's full responsibility.
3. Scope of Services
The Services are limited to enabling the Customer to access, analyze, and aggregate bank account information solely within the scope of Account Information Services (AIS).
The Customer expressly acknowledges that the Services do not include, under any circumstances, any of the following:
The Customer expressly acknowledges that the Services do not include, under any circumstances, any of the following:
- • Payment Initiation Services (PIS).
- • Fund transfers or the execution of payment orders.
- • Fund management or any other financial execution services.
4. Regulatory Framework and Compliance
The Customer acknowledges and undertakes to fully comply with all laws and regulations applicable in the Kingdom of Saudi Arabia, including, but not limited to, the following:
- • The rules, regulations, and guidelines issued by the Saudi Central Bank (SAMA).
- • The Personal Data Protection Law (PDPL).
- • Laws and regulations related to cybersecurity and information protection.
- • Any other applicable regulatory requirements, directives, or instructions.
5. Consent for Account Data Access
No Authorized User may access or process account data through the Services unless they have first obtained the account holder's explicit, prior, and specific consent, in accordance with the laws and regulations applicable in the Kingdom of Saudi Arabia.
The Customer acknowledges and undertakes that:
The Customer acknowledges and undertakes that:
- • The consent shall be specific as to its scope, duration, and purpose, and shall comply with Open Banking requirements.
- • The account holder has the right to withdraw their consent at any time through the approved regulatory channels.
- • Any use of data beyond the scope of the consent, or after such consent has been withdrawn, shall constitute a violation of these Terms and Conditions and the applicable laws and regulations.
6. Customer Obligations
The Customer shall:
- • Ensure that the Services are used only by Authorized Users.
- • Maintain the confidentiality of access credentials and permissions.
- • Use the Services solely for lawful purposes.
- • Comply with all applicable laws, regulations, and relevant internal and external policies.
The Customer and Authorized Users are prohibited from:
- • Misusing the Services or attempting to disrupt their operation.
- • Gaining unauthorized access to any data or systems.
- • Using automated tools, bots, or scraping technologies without prior written consent.
- • Introducing, transmitting, or distributing any malicious or harmful software.
- • Impersonating any person or entity.
7. Data Protection and Confidentiality
The User acknowledges that all data accessed through the Services is confidential information and undertakes to:
- • Use such data solely for legitimate business purposes.
- • Not sell, share, or reuse such data outside the scope of the Services.
- • Apply the highest standards of confidentiality and data protection.
The Company shall process data in accordance with the laws and regulations applicable in the Kingdom of Saudi Arabia.
8. Intellectual Property
All rights relating to the Services, including software, systems, trademarks, and content, are owned by the Company or its licensors. The Customer is granted a limited, non-exclusive, and non-transferable license to use the Services in accordance with these Terms and Conditions.
The Customer shall not:
- • Copy, modify, or distribute the Services.
- • Perform reverse engineering or attempt to extract the source code.
- • Resell, lease, or sublicense the Services.
- • Use the Company's trademarks without prior written authorization.
9. Security and Organizational Responsibility
The Customer shall bear full responsibility for:
- • Managing Authorized Users within its organization.
- • All activities conducted through its accounts.
- • Safeguarding access credentials and passwords.
- • Promptly reporting any unauthorized use or security breach.
10. Suspension or Termination of Services
The Company reserves the right to suspend, restrict, or terminate the Customer's access to the Services, in whole or in part, at any time, including but not limited to the following circumstances:
- • Violation of these Terms and Conditions.
- • Suspected misuse of the Services or engagement in unlawful activities.
- • Compliance with applicable legal or regulatory requirements.
- • Protection of the security of the system, the Services, or other users.
11. Disclaimer of Warranties and Limitation of Liability
The Services are provided on an "as is" and "as available" basis, without warranties of any kind.
The Company makes no representations or warranties regarding:
- • The accuracy or completeness of data provided by Financial Institutions.
- • The uninterrupted availability of the Services or the absence of errors.
- • The suitability of the Services for any particular business purpose.
The Company shall not be liable for:
- • Any indirect, incidental, special, or consequential damages.
- • Any loss of profits, revenue, data, or reputation.
- • Any decisions made by the Customer based on the data obtained through the Services.
12. Indemnification
The Customer agrees to indemnify, defend, and hold harmless the Company from and against any claims, losses, damages, liabilities, costs, or expenses arising out of or related to:
- • Any breach of these Terms and Conditions.
- • Misuse of the Services by Authorized Users.
- • Violation of applicable laws, regulations, or the rights of any third party.
- • Any unauthorized use of the Services or Data.
13. Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT)
The Customer shall fully comply with all laws and regulations relating to anti-money laundering and counter-terrorist financing in the Kingdom of Saudi Arabia, including the regulations and instructions issued by the Saudi Central Bank (SAMA).
The Services must not be used for any of the following activities:
- • Committing or attempting to commit money laundering or terrorist financing offenses.
- • Concealing or disguising the source of funds or data.
- • Facilitating any unlawful or suspicious transactions.
The Customer acknowledges the Company's right, at any time, to:
- • Conduct due diligence procedures as deemed necessary.
- • Request additional information or supporting documentation.
- • Monitor and investigate suspicious activities or usage.
- • Suspend or terminate the Services and report the matter to the relevant authorities without prior notice.
14. Anti-Fraud
The Customer shall use the Services in a secure and lawful manner and shall not:
- • Gain unauthorized access to any systems or data.
- • Manipulate, misuse, or tamper with data.
- • Use unauthorized automated tools.
- • Introduce any malicious software or engage in harmful activities.
The Company reserves the right to monitor activities and detect, prevent, and investigate any fraudulent or suspicious conduct.
The Company may also immediately suspend or terminate the Services upon suspicion of any fraudulent activity, without prior notice.
15. Governing Law and Jurisdiction
These Terms and Conditions shall be governed by and construed in accordance with the laws and regulations of the Kingdom of Saudi Arabia.
The courts of Riyadh shall have exclusive jurisdiction over any disputes arising out of or in connection with these Terms and Conditions.
The courts of Riyadh shall have exclusive jurisdiction over any disputes arising out of or in connection with these Terms and Conditions.
16. Entire Agreement
These Terms and Conditions constitute an integral part of the entire agreement between the Company and the Customer.
17. Severability
If any provision of these Terms and Conditions is found to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.
18. No Waiver
The failure of the Company to exercise any right or enforce any provision of these Terms and Conditions shall not constitute a waiver of such right or provision.
