Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Company announcement/regulation

UAE central bank issures open finance regulation

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.

02 July 2024

News/payments

UAE to launch national domestic card scheme

The United Arab Emirates is to establish its own domestic card scheme in a bid to encourage strategic independence from the Visa/Mastercard duopoly.

18 October 2023

Company announcement/sustainable

BIS, COP28 and UAE central bank launch TechSprint for sustainable finance and climate change

The Bank for International Settlements (BIS) is joining the COP28 Presidency and the Central Bank of the United Arab Emirates (CBUAE) to launch the COP28 UAE TechSprint, a technology initiative to foster innovation in scaling sustainable finance and combating climate change.

11 September 2023

Company announcement/payments

Instant Cash obtains Retail Payment Services and Card Scheme License from Central Bank of UAE

Instant Cash, a company within the FINTX portfolio, the fintech arm of Emirates Post Group, and one of the fastest-growing money transfer brands in the region, received the Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 License from the Central Bank of the UAE (CBUAE), making it the first Money Transfer Operator (MTO) in the UAE to obtain this licence.

25 May 2023

News/payments

UAE central bank selects technology and legal partners for CBDC project

The Central Bank of the UAE (CBUAE) has selected Clifford Chance, R3 and G42 Cloud to assist in implementing its CBDC Strategy.

04 April 2023

Company announcement/crypto

Central banks of UAE and Indian to collaborate on interoperable CBDCs

Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed today a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services.

15 March 2023

Company announcement/payments

Indonesian and UAE central banks sign payments and financial innovation MoU

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) signed a Memorandum of Understanding (MoU), to boost mutual co-operation.

09 November 2021

Company announcement/payments

UAE central bank taps Swift to speed up cross-border payments

The Central Bank of the UAE (CBUAE) announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments.

05 May 2021