CBUAE pushes cross-border open finance with ‘Project Aperta’

The Central Bank of the UAE (CBUAE) is advancing its efforts to foster greater cross-border financial interoperability through its latest initiative, Project Aperta. This move comes as part of the CBUAE’s Financial Infrastructure Transformation programme, which aims to establish the UAE as a leading global hub for financial technology and innovation. With the rollout of Project Aperta, the CBUAE is setting a new benchmark for open finance regulation, allowing for secure, seamless access to consumer financial data across borders, with enhanced protections and greater efficiencies for financial institutions.