CBD Becomes the UAE’s First Bank to Go Live Under the Open Finance Framework
The announcement marks Open Finance’s transition from a controlled pilot to live, nationwide operations.
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Commercial Bank of Dubai (CBD) has become the first bank in the United Arab Emirates to fully implement the Open Finance framework. This framework includes cross-sector data sharing and the initiation of user transactions, and it is now live under the Central Bank of the UAE’s Open Finance Initiative, AlTareq.
The activation has been achieved with Central Bank–licensed third-party providers (TPPs), including Pay10 and Lean Technologies, and will see CBD working closely with its TPP partners for regulatory, technical, and operational collaboration.
“CBD’s full-scale Open Finance activation places the bank at the centre of a fundamental shift in the UAE’s financial architecture. We are proud to be one of the first banks in the UAE to take a major step in creating a more connected ecosystem that gives customers greater control over their financial interactions. This step reflects CBD’s long-term focus on creating seamless, digital-first customer experiences that accelerate the UAE’s growth and empower both nationals and residents with innovative and transparent financial solutions,” said Bernd van Linder, CEO, Commercial Bank of Dubai.
CBD and its partner providers are now live on Nebras, the operator of the UAE’s Open Finance infrastructure, under the Central Bank’s supervision.
This announcement marks the transition of Open Finance from a controlled market pilot into live, nationwide operations. This will enable CBD’s retail current and savings account customers to securely share financial data and initiate payments through regulated, consent-based frameworks.
“With CBD now fully live, Open Finance moves beyond readiness and into execution, creating the conditions for real customer adoption, sustained transaction volumes, and long-term ecosystem growth,” said Tewfik Cassis, chief product officer, Lean Technologies.
Looking ahead, CBD will continue to partner with Open Finance collaborators to broaden use cases, accelerate market adoption, and increase transaction volumes.
