pc
nid 93293
Jun 17, 2026
rghosh@vixio.com
Abu Dhabi
Central Bank of UAE
financial services
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1465 charsCentral Bank of UAE Achieves Financial Innovation Milestone Through Aperta Cross-Border Open Finance Project
On June 17, 2026, the Central Bank of the United Arab Emirates (CBUAE) announced the achievement of a new milestone in financial innovation through "Aperta," a secure cross-border open finance project.
Aperta represents a significant development in the CBUAE's efforts to advance financial innovation and cross-border payment capabilities within the UAE and potentially across international markets. The project focuses on establishing secure mechanisms for open finance transactions that enable financial institutions and service providers to exchange data and conduct transactions across borders in a controlled and regulated environment. Open finance frameworks facilitate interoperability between financial institutions, allowing for improved customer experiences, enhanced competition, and more efficient financial services delivery.
The initiative demonstrates the CBUAE's commitment to modernising the UAE's financial infrastructure and positioning the country as a hub for financial innovation in the Middle East region. By developing secure cross-border open finance capabilities, the CBUAE aims to support financial institutions in meeting evolving customer demands while maintaining robust regulatory oversight and data security standards.
Further details regarding Aperta's implementation timeline, participating institutions, and specific technical specifications are available through the CBUAE's official announcement and supporting documentation.
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1166 charsCentral Bank of UAE Announces the Completion of Project Aperta
On June 17, 2026, the Central Bank of the United Arab Emirates (CBUAE) announced the completion of Project Aperta, a secure cross-border open finance project launched by the Bank for International Settlements.
The project was developed in collaboration with the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Central Bank of Brazil, and the Financial Conduct Authority of the United Kingdom, together with the participation of the Global Legal Entity Identifier Foundation, the International Chamber of Commerce Digital Standards Initiative, and the Hong Kong University Standard Chartered Foundation FinTech Academy.
The project demonstrated how domestic open finance networks can be connected through a neutral interoperability layer without altering national frameworks. It also tested two practical use cases across five economies, demonstrating:
Cross-border data portability, enabling faster onboarding and reduced manual checks through secure sharing of verified business information.
Trade finance lifecycle management, showing how structured digital data can streamline processes from contract issuance to final settlement.