Policy & Legal Updates
Crowe UAE Analyzes Strategic Impact of Central Bank Open Finance Framework
Crowe UAE published an analysis of the Central Bank of the UAE's Open Finance Regulation as the sector moves toward operational adoption. The initial phase encompasses banks, foreign bank branches, and insurers, with infrastructure connected via Al Tareq, run by Nebras Open Finance. The firm highlights that open finance decouples data storage from customer relationships, creating new opportunities in account-to-account payments and onboarding.
