Observatory - Sandbox | OpenFinance-OS - UAE Open Finance & Open Banking

Total Participants

57 → 0

Registered in sandbox

With Auth Servers

Ready for testing

Shariah Compliant

Islamic finance institutions

API Families

Accounts, Payments, CoP, Products

Multi-Role

Participants with 2+ roles

TPPs

Third Party Providers

DCR Support

Dynamic Client Registration

CIBA Support

Backchannel Authentication

Participant Roles

Distribution of roles in sandbox

57 Total

BDSP 56 28%
BSIP 56 28%
LFI 39 20%
ISP 41 21%
API Read_Write 3 2%
TSP 3 2%
pki-test-harness 1 1%

LFI — Licensed Financial Institution (banks)

BDSP — Bank Data Service Provider

BSIP — Bank Service Infrastructure Provider

ISP — Information Service Provider

TPP — Third Party Provider (fintechs)

Geographic Distribution

Sandbox participants by location

Dubai 29 51%
Abu Dhabi 11 19%
Ajman 1 2%
Unknown 8 14%
Kuwait City 1 2%
Riyadh 1 2%
Amman 1 2%
Fujairah 1 2%
London 2 4%
Sharjah 1 2%
Manama 1 2%

Company Types

Institution categories in sandbox

Fintechs 11 19%
Insurance 10 18%
Other 9 16%
Commercial Banks 8 14%
International Banks 5 9%
Islamic Banks 5 9%
Payment Services 5 9%
Digital Banks 2 4%
Exchange Houses 1 2%
Infrastructure 1 2%

Ownership Structure

Government vs private sector

Private 30 53%
Government 12 21%
Unknown 9 16%
Public 5 9%
State-owned 1 2%

API Coverage

API families in sandbox

Account Information

6/57

Confirmation of Payee

6/57

Payments

12/57

Products

4/57

Authorization Capabilities

Technical capabilities supported by participants

CIBA Client Initiated Backchannel Authentication

0/57 0%

Not yet adopted by participants

DCR Dynamic Client Registration

0/57 0%

Not yet adopted by participants

Redirect OAuth Redirect Flow

0/57 0%

Not yet adopted by participants

Recent Milestones

2025-12-26 Union Insurance joined sandbox

2025-12-26 WIO Bank joined sandbox

2025-12-26 Zurich International Life Limited joined sandbox

2026-01-28 Arab Bank PLC joined sandbox

2026-02-20 Nebras (Registered Name) joined sandbox

Sandbox Participants

57 of 57 registered test institutions

International Bank

Dubai

AAIB

Arab African International Bank

Egyptian bank with regional presence across Middle East and Africa.

HQ: Cairo, Egypt

Regional bank serving MENA

BDSP · BSIP · LFI

ADCB

Abu Dhabi Commercial Bank PBJC

Leading UAE bank offering comprehensive banking services to retail and corporate clients.

3rd largest bank in UAE by assets

Roles

BDSP · BSIP · ISP · LFI

ADIB

Abu Dhabi Islamic Bank P.J.S.C

One of the world's largest Islamic banks, offering Shariah-compliant banking solutions.

3rd largest Islamic bank globally

Roles

BDSP · BSIP · ISP · LFI

ADNIC

ABU DHABI NATIONAL INSURANCE COMPANY PJSC

Leading insurance company in the UAE providing comprehensive insurance solutions.

Leading insurance company in UAE

Roles

BDSP · BSIP · ISP · LFI

Ajman Bank

Ajman Bank P.J.S.C

Islamic bank headquartered in Ajman, providing Shariah-compliant banking services.

Leading bank in Ajman emirate

Roles

BDSP · BSIP · ISP · LFI

Al Ansari Exchange

UAE's largest exchange house providing remittance and foreign exchange services.

Largest exchange house in UAE

Roles

BDSP · BSIP · ISP · LFI

Al Buharia National Insurance Co

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

Al Hilal Bank

Al Hilal Bank P.J.S.C

Abu Dhabi-based Islamic bank offering innovative Shariah-compliant financial solutions.

Major Islamic bank in Abu Dhabi

Roles

BDSP · BSIP · ISP · LFI

AL ITTIHAD AL WATANI (GENERAL INSURANCE SOCIETY FOR NEAR EAST)

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

Al Maryah Bank

Al Maryah Community Bank L.L.C.

Digital-first community bank focused on serving the UAE's underbanked population.

Community-focused digital bank

BDSP · BSIP · LFI

Al Masraf

Arab Bank for Investment & Foreign Trade

UAE bank focused on trade finance and corporate banking services.

Trade finance specialist

BDSP · BSIP · LFI

Al Wathba National Insurance Co

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

ALAIN AHLIA INSURANCE COMPANY

UAE insurance company providing diverse insurance products and services.

Regional insurance provider

Roles

BDSP · BSIP · ISP · LFI

American Life Insurance Company (MetLife)

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

Arab Bank PLC

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

Arab Financial Services LLC

Recently registered participant – profile coming soon.

BDSP · BSIP · ISP

Bancify

Bancify Technologies FZ-LLC

Fintech company providing digital banking infrastructure and solutions.

Digital banking infrastructure provider

BDSP · BSIP

Bank of China

Bank of China Limited

One of China's Big Four banks with international presence including UAE operations.

HQ: Beijing, China

Major Chinese bank with global footprint

Roles

BDSP · BSIP · ISP · LFI

Bawabat Altarabut For Information Technology L.L.C

Recently registered participant – profile coming soon.

BDSP · BSIP · ISP

CBD

COMMERCIAL BANK OF DUBAI

One of UAE's oldest banks, providing innovative banking solutions since 1969.

Mid-tier UAE bank

Roles

BDSP · BSIP · ISP · LFI

CBI

Commercial Bank International PJSC

Dubai-based bank providing retail and corporate banking services.

Mid-tier commercial bank

Roles

BDSP · BSIP · ISP · LFI

Citibank NA, UAE

Recently registered participant – profile coming soon.

BDSP · BSIP · LFI

DIB

Dubai Islamic Bank P.J.S.C

The world's first full-service Islamic bank, pioneering Shariah-compliant banking since 1975.

World's first Islamic bank, largest Islamic bank in UAE

Roles

BDSP · BSIP · ISP · LFI

Dubai Insurance Company

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

EIC

Emirates Insurance Company

One of UAE's oldest insurance companies providing comprehensive insurance services.

Established insurance provider

Roles

BDSP · BSIP · ISP · LFI

ENBD

EMIRATES NBD BANK PJSC

UAE's largest banking group by assets, formed from the merger of Emirates Bank and National Bank of Dubai.

Largest bank in UAE by assets, presence in 13 countries

Roles

BDSP · BSIP · ISP · LFI

FAB

First Abu Dhabi Islamic Finance PJSC

UAE's largest bank by total assets, created through the merger of NBAD and FGB in 2017.

Largest bank in UAE and Middle East by total assets

Roles

BDSP · BSIP · ISP · LFI

Fintech Galaxy

Fintech Galaxy FZE

Open finance infrastructure provider enabling secure data sharing.

Open finance infrastructure provider

BDSP · BSIP · ISP

Grow High Technology Serices LLC (GrowX.Global)

Recently registered participant – profile coming soon.

BDSP · BSIP

Gulf Insurance Group (Gulf) B.S.C Closed

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

🇬🇧 International Bank

Dubai

HSBC

HSBC Bank Middle East Limited

Regional subsidiary of HSBC Holdings, one of the world's largest banking groups, serving the Middle East since 1946.

HQ: London, UK

Leading international bank in the Middle East

Roles

BDSP · BSIP · ISP · LFI

Lean Technologies

Lean Technologies Ltd

Open banking infrastructure provider enabling account connectivity across MENA.

Leading open banking provider in Saudi Arabia

BDSP · BSIP

Lending Advisor

Recently registered participant – profile coming soon.

BDSP · BSIP · ISP

MadfooatCom for E Payments DMCC

Recently registered participant – profile coming soon.

BDSP · BSIP

Mashreq

MASHREQBANK PSC

UAE's oldest privately-owned bank, known for innovation and digital banking leadership.

Oldest private bank in UAE, digital banking pioneer

Roles

BDSP · BSIP · ISP · LFI

Mercury

Mercury Payments Services LLC

UAE-based payments technology company providing payment processing solutions.

Emerging payment service provider

BDSP · BSIP · ISP

myAlfred

myAlfred LLC

Financial management app helping users track spending and manage finances.

Personal finance management app

BDSP · BSIP · ISP

NATIONAL BANK OF UMM AL-QAIWAIN

Recently registered participant – profile coming soon.

BDSP · BSIP · LFI

National Health Insurance Company - Daman PJSC

Recently registered participant – profile coming soon.

Roles

BDSP · BSIP · ISP · LFI

NBF

National Bank of Fujairah PJSC

Leading bank in Fujairah emirate providing comprehensive banking services.

Leading bank in Fujairah

Roles

BDSP · BSIP · ISP · LFI

NearGo

NearGo L.L.C-FZ

Fintech company providing proximity-based payment and loyalty solutions.

Proximity payment solutions

BDSP · BSIP · ISP

Nebras (Registered Name)

Recently registered participant – profile coming soon.

Roles

API Read_Write · BDSP · BSIP · ISP · LFI · TSP

Nomod

Nomod Billing LLC

Billing and invoicing platform for businesses in the UAE.

Business billing platform

BDSP · BSIP

NymCard Payment Services L.L.C.

Recently registered participant – profile coming soon.

BDSP · BSIP

Ozone API

OZONE FINANCIAL TECHNOLOGY LIMITED

UK fintech providing open banking infrastructure and API solutions to financial institutions worldwide.

Leading open banking platform provider

Roles

API Read_Write · BDSP · BSIP · ISP · LFI · TSP

PAY TEN PAYMENT SERVICES PROVIDER LLC

Recently registered participant – profile coming soon.

BDSP · BSIP

Paymob

Paymob Technologies LLC

Leading payment infrastructure company enabling digital payments across MENA.

HQ: Cairo, Egypt

Leading payment gateway in MENA

BDSP · BSIP

Raidiam

Raidiam Services Limited

Trust framework operator providing identity and directory services for open finance ecosystems globally.

Operates UAE Open Finance Trust Framework Directory

Roles

API Read_Write · BDSP · BSIP · ISP · LFI · TSP · pki-test-harness

Sav

Sav Technologies Limited

Savings and investment app helping users build wealth through micro-investing.

Micro-savings and investment platform

BDSP · BSIP · ISP

Sharjah Islamic Bank

Leading Islamic bank in Sharjah emirate, offering Shariah-compliant financial services.

Leading bank in Sharjah emirate

Roles

BDSP · BSIP · ISP · LFI

Spare Digital Technologies LLC S.O.C

Recently registered participant – profile coming soon.

BDSP · BSIP

Spire

Spire Technologies WLL

Financial technology company providing banking and payment solutions.

Banking technology provider

BDSP · BSIP

🇬🇧 International Bank

Dubai

Standard Chartered

Standard Chartered Bank

Leading international bank with strong presence in Asia, Africa and the Middle East.

HQ: London, UK

Top international bank in emerging markets

BDSP · BSIP · LFI

Sukoon Insurance

Sukoon Insurance PJSC

UAE insurance company (formerly Oman Insurance) offering diverse coverage.

Major insurance provider in UAE

Roles

BDSP · BSIP · ISP · LFI

Union Insurance

UAE insurance company providing comprehensive insurance solutions.

Growing insurance provider

ISP · LFI

WIO Bank

UAE's first platform bank, offering digital-first banking and embedded finance solutions.

UAE's first platform bank, BaaS provider

Roles

BDSP · BSIP · ISP · LFI

Zurich

Zurich International Life Limited

Global insurance company providing life insurance and savings products.

HQ: Zurich, Switzerland

Leading international life insurer

Roles

BDSP · BSIP · ISP · LFI

Participant Roles

Geographic Distribution

Company Types

Ownership Structure

API Coverage

Authorization Capabilities

Ecosystem Growth

Recent Milestones

AAIB

ADCB

ADIB

ADNIC

Ajman Bank

Al Ansari Exchange

Al Buharia National Insurance Co

Al Hilal Bank

AL ITTIHAD AL WATANI (GENERAL INSURANCE SOCIETY FOR NEAR EAST)

Al Maryah Bank

Al Masraf

Al Wathba National Insurance Co

ALAIN AHLIA INSURANCE COMPANY

American Life Insurance Company (MetLife)

Arab Bank PLC

Arab Financial Services LLC

Bancify

Bank of China

Bawabat Altarabut For Information Technology L.L.C

CBD

CBI

Citibank NA, UAE

DIB

Dubai Insurance Company

EIC

ENBD

FAB

Fintech Galaxy

Grow High Technology Serices LLC (GrowX.Global)

Gulf Insurance Group (Gulf) B.S.C Closed

HSBC

Lean Technologies

Lending Advisor

MadfooatCom for E Payments DMCC

Mashreq

Mercury

myAlfred

NATIONAL BANK OF UMM AL-QAIWAIN

National Health Insurance Company - Daman PJSC

NBF

NearGo

Nebras (Registered Name)

Nomod

NymCard Payment Services L.L.C.

Ozone API

PAY TEN PAYMENT SERVICES PROVIDER LLC

Paymob

Raidiam

Sav

Sharjah Islamic Bank

Spare Digital Technologies LLC S.O.C

Spire

Standard Chartered

Sukoon Insurance

Union Insurance

WIO Bank

Zurich