Open Banking in the UAE will focus on two key functionalities: Data Sharing and Payment initiation, which includes:
Feb '26- 8 Largest Banks Launch Retail
Jan'27 - Remaining Banks launch Retail, SME, Corporate
Apr '27 - 8 Largest Banks launch SME
Launch of Core Data Sharing, Product Quotes, Domestic Payments
Launch of Extended Transaction Data Sharing, International Payments, Future Dated Payments
Launch of Extended Finance/Loan Data Sharing
Launch of Core Data Sharing, Domestic Payments, International Payments, Future Dated Payments, Product Quotes, Extended Transaction Data Sharing, Extended Finance/ Loan Data Sharing
Launch of Functionality and CX upgrades
Launch of Functionality and CX upgrades
Launch of Core Data Sharing, Domestic Payments
Launch of International Payments, Bulk/ Batch Payments, Future Dated Payments Extended Finance / Loan Data Sharing
Launch of Core Data Sharing, Product Quotes, Domestic Payments, International Payments, Bulk & Batch Payments, Future Dated Payments
Launch of Functionality and CX upgrades
Launch of Functionality and CX upgrades
Nebras Open Finance plans to launch a range of new functionalities starting in 2027, including
Insurance policy initiation
Onboarding and service initiation for bank accounts, insurances, credit cards, loans, mortgages, and e-wallets
Personalized quotes for banks’ credit cards, loans and mortgages
Open Insurance in the UAE will be implemented over three batches and two key functionalities, Insurance Data sharing and Insurance Quotation, across 7 insurance types, namely:
Aug ’26 - 17 largest Insurers launch Retail
Launch of Data Sharing, Quotes
Launch of Functionality and CX upgrades
Launch of Data Sharing Quotes, and Functionality/CX upgrades
Nebras Open Finance plans to launch a range of new functionalities starting in 2027, including
Insurance policy initiation
Onboarding and service initiation for bank accounts, insurances, credit cards, loans, mortgages, and e-wallets
Personalized quotes for banks’ credit cards, loans and mortgages
Open Finance in the UAE will include 4 Foreign Exchange (FX) use cases making exchange transactions and remittances more accessible and efficient:
Apr '27 - 6 largest FX houses launch Retail
Launch of Quotes, Onboarding, Payment Initiation, Data Sharing
Nebras Open Finance plans to launch a range of new functionalities starting in 2027, including
Insurance policy initiation
Onboarding and service initiation for bank accounts, insurances, credit cards, loans, mortgages, and e-wallets
Personalized quotes for banks’ credit cards, loans and mortgages
Nebras Open Finance plans to expand its Open Finance scope to additional financial institutions over the next few years.
Jul ’27 -Remaining Insurers launch Retail & Ewallets launch
Nebras Open Finance plans to launch a range of new functionalities starting in 2027, including
Insurance policy initiation
Onboarding and service initiation for bank accounts, insurances, credit cards, loans, mortgages, and e-wallets
Personalized quotes for banks’ credit cards, loans and mortgages
Additional functionalities focusing on services personalization are expected to go live starting end of 2026, focusing on quotation functionalities using Open Finance.
Jan ’28 -Open Credit Launch
Nebras Open Finance plans to launch a range of new functionalities starting in 2027, including
Insurance policy initiation
Onboarding and service initiation for bank accounts, insurances, credit cards, loans, mortgages, and e-wallets
Personalized quotes for banks’ credit cards, loans and mortgages
