CBUAE issues Open Finance Regulation to ensure soundness, efficiency of open finance services

ABU DHABI, 27th June, 2024 (WAM) -- The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation to ensure the soundness and efficiency of open finance services, encourage innovation, enhance competitiveness, achieve consumers' interests and reinforce the UAE's status as a leading financial technology hub.

According to the regulation, which is part of the CBUAE's Financial Infrastructure Transformat