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).
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Muhammad Ali Bandial