ADIB rolls out Open Finance under UAE central bank framework

Abu Dhabi Islamic Bank (ADIB) has rolled out Open Finance services, becoming one of the first banks in the UAE to implement the framework under AlTareq, the Central Bank of the UAE’s Open Finance Initiative, as the country advances its regulated data-sharing ecosystem.

The move aligns with the CBUAE’s 2023–2026 digital transformation strategy and marks a milestone in the UAE’s Open Finance journey, allowing customers to securely share financial data and access a wider range of integrated digital services across institutions.

ADIB said the first phase of implementation has been completed, covering regulatory and technical requirements, with financial transactions now processed through secure, CBUAE-certified application programming interfaces (APIs).

The launch follows the recent introduction of the UAE’s Nebras framework, which enables licensed financial institutions to deploy Open Finance services in a regulated and secure manner, positioning the country alongside markets such as the UK and Singapore.

ADIB said it plans to expand Open Finance-enabled customer journeys in the next phase, focusing on greater financial transparency, improved decision-making, and more seamless digital experiences across accounts, products, and institutions.