The UAE Open Finance ecosystem has reached a significant milestone with the first Third-Party Provider (TPP) successfully completing production onboarding and going live with real customer transactions.
Historic Achievement
This marks the first time a non-bank entity is accessing live banking data through the Al Tareq platform, demonstrating that the technical and regulatory framework is fully operational.
What This Enables
With TPPs now live in production, UAE consumers can begin to:
- Aggregate accounts — View all their bank accounts in a single app
- Access better financial tools — Use innovative apps for budgeting and financial planning
- Share data securely — Control exactly what data is shared and with whom
Security in Action
The production launch validates the security measures built into the ecosystem:
- Strong Customer Authentication (SCA) protecting all data access
- Explicit consent management giving customers full control
- Real-time monitoring by both banks and the platform
Growing Ecosystem
This milestone is expected to accelerate TPP adoption, with several more providers in advanced stages of their certification process.
The community congratulates all the teams involved in reaching this historic moment for UAE financial services.