Getting Started with UAE Open Finance
A step-by-step guide to understanding and participating in the UAE Open Finance ecosystem.
What is UAE Open Finance?
UAE Open Finance is a regulatory framework that enables secure, standardized sharing of financial data between banks and authorized third-party providers. Operated under CBUAE oversight and powered by the Al Tareq platform, it allows consumers to share their financial data with apps and services they trust.
Secure by Design
FAPI-compliant security with explicit customer consent
Regulated
Supervised by CBUAE with clear compliance requirements
Standardized
Common APIs across all participating institutions
Your Journey to Going Live
Understand the Framework
Learn about the UAE Open Finance regulatory framework and key participants.
- Review the CBUAE Open Finance guidelines
- Understand the difference between TPPs and ASPSPs
- Familiarize yourself with participant roles (LFI, BDSP, BSIP, ISP)
Choose Your Role
Determine which participant type applies to your organization.
- TPP: Building apps that access bank data or initiate payments
- ASPSP: Banks providing APIs to TPPs
- Technology Provider: Supporting infrastructure providers
Register on Al Tareq
Create an account on the official platform.
- Visit altareq.openfinance.ae
- Complete the registration form
- Submit required documentation
- Await approval from Nebras
Access the Sandbox
Start testing in the sandbox environment.
- Obtain sandbox credentials
- Review API documentation
- Test authentication flows
- Implement consent management
Go Live
Complete certification and launch in production.
- Pass conformance testing
- Complete security assessment
- Obtain production credentials
- Start processing real transactions
Available API Families
The UAE Open Finance framework currently supports the following API categories:
Account Information
Access account balances, transactions, and standing orders with customer consent.
Payment Initiation
Initiate domestic payments directly from customer accounts.
Confirmation of Payee
Verify recipient details before initiating payments.
Product Information
Access publicly available product and branch information.