Panel : Embedded and Open Finance.
summary
Region-wide push for standards and sandboxes: Accenture helps Saudi publish national open banking specs, ADGM launches an open finance lab with four banks and a fintech, and about 15 of 18 sandbox projects are PFM experiments. Early winners are personal financial management and SME finance, plus corporate cards and lending use cases; one fintech gains SAMA approval for a budgeting app. Major hurdles are data localization rules in Saudi, fragmented UAE regulation across ADGM/DFSA/Central Bank, and the need for interoperability and passporting to scale.
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chapters (5)
- 0:00Start
- 5:20Overview of Open Finance in the Middle East
- 6:11What Is Driving Adoption in the Middle East
- 31:30Interoperability
- 40:52Are There any Specific Require Reporting and Audit Requirements in Terms of Open Finance
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