Introduction to AlTareq

Introduction to AlTareq

AlTareq is the name for Open Finance in the UAE. Nebras provides the infrastructure for Open Finance to run, where we join Licensed Financial Institutions with Third-Party Providers via our Trust Framework and API Hub. AlTareq runs according to the Open Finance Standards, defined by Nebras. Nebras’s infrastructure, platform, standards and operations enable a robust and secure basis for financial institutions and Third-Party Providers to collaborate and innovate.

Altareq Infrastructure and Standards

Trust Framework

Establishes and enforces security and access, in addition to FAPI 2.0 compliance for all participants in the Open Finance ecosystem.

Centralised API Hub

Provides a single point of access for all financial services, streamlining data sharing and service initiation and reducing integration and functionality complexity. It also affords users to have centralised consent management across the entirety of the Open Finance ecosystem.

open finance standards & customer experience

Enhances consumer and business satisfaction through user-friendly interfaces and seamless interactions, ensuring convenient access across a wide range of financial services.

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Open Finance Centralised Platform

The one-stop shop that provides aggregated APIs and value-added services to Third-Party Providers and other Licensed Financial Institutions.

Licensed Financial Institutions (LFIs)

Licensed Financial Institutions that expose APIs and help Nebras define the future of the Open Finance initiative.

Customers

End-users of the innovative solutions that enjoy enhanced retail and business financial services.

Third-Party Providers (TPPs)

FinTech’s and other financial services companies that utilise Open Finance APIs to develop new