Monday 11 September 2023

Tuesday 12 December 2023

Join The COP28 UAE –TechSprint– And Drive Change

The Central Bank of the UAE, Bank for International Settlements, EIF and the COP28 UAE Presidency invite financial innovators and developers from global private and public sector entities to participate in the global initiative "COP28 UAE TechSprint". The initiative aims to promote innovation and develop technological solutions and advanced projects to expand green and sustainable financing and combat climate change.

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Open Finance

Open finance is a secure way for financial institutions to open their systems to accredited third-party providers.

Using customers’ consented financial data to build applications and innovative financial services can create solutions that provide retail, SME, and corporate consumers with better ultimate control over their information.

Ultimately, this system can offer customers greater choice in their financial services, and provide better service value.

Open finance vision

Our vision for open finance is to stimulate innovation across the UAE’s financial sector by encouraging more consent-driven, data-rich, collaborative, secure and customer-centric digital business and service models. Achieving this vision will deliver greater clarity and control to customers, so that they can manage their finances better.

Open finance roadmap

  • Strategy and vision development

  • Release of industry note

  • Stakeholder consultations

  • Regulatory design

  • API prioritisation

  • Design the UAE Open Finance Playbook

  • Develop the digital infrastructure

  • Test and run pilots

  • Enhance capabilities

Last updated on: Thursday 28 July 2022

Total visitors 1877