Pay10 and Commercial Bank of Dubai have gone live with Open Finance services under the UAE’s AlTareq Open Finance Initiative, marking a key step in the country’s shift toward regulated, customer-centric digital finance.
The activation enables retail current and savings accounts to connect through the national Open Finance framework. As a result, customers can securely share financial data and initiate payments in line with Central Bank of the UAE regulations. Moreover, the rollout represents one of the first large-scale retail Open Finance implementations in the country, moving beyond pilot phases into live customer usage.
Transition to live retail deployment
The go-live was implemented in collaboration with Pay10, the first entity licensed by the Central Bank of the UAE under the Open Finance framework. Additionally, both parties completed live transactions in a production environment, validating technical integration, operational readiness, and end-to-end data and payment flows. Therefore, the activation marks a transition from controlled testing to structured, real-world deployment.
This phase enables the bank to begin offering Open Finance-enabled services to retail customers. At the same time, it maintains governance, security, and compliance standards aligned with regulatory requirements.
Regulatory enablement and ecosystem readiness
The activation was enabled through Nebras, the Central Bank of the UAE–supervised Open Finance platform. Consequently, the platform’s approval confirms that all regulatory, technical, and operational requirements have been met, with appropriate oversight mechanisms in place to support secure participation in the Open Finance ecosystem.
Harry Gill, Founder and Chairman of Pay10, noted that the full-scale go-live represents a tangible step in translating the UAE leadership’s Open Finance vision into operational reality, enabling secure and regulated customer access while upholding trust, governance, and compliance standards.
Dr Bernd van Linder, CEO of Commercial Bank of Dubai, said; CBD’s full-scale Open Finance activation places the bank at the centre of a fundamental shift in the UAE’s financial architecture. He said the bank is proud to be among the first in the UAE to help create a more connected ecosystem that gives customers greater control over their financial interactions. He added that the move reflects a long-term focus on digital-first customer experiences that support national growth and empower residents with transparent financial solutions.
