{"id":49506,"date":"2025-07-31T13:24:29","date_gmt":"2025-07-31T10:24:29","guid":{"rendered":"https:\/\/entarabi.com\/?p=49506"},"modified":"2025-07-31T15:15:27","modified_gmt":"2025-07-31T12:15:27","slug":"spare-receives-in-principle-approval-from-the-central-bank-of-the-uae-for-open-finance-license","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/07\/spare-receives-in-principle-approval-from-the-central-bank-of-the-uae-for-open-finance-license\/","title":{"rendered":"Spare Receives In-Principle Approval from the Central Bank of the UAE for Open Finance License"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Spare has received in-principle approval from the Central Bank of the UAE to operate under the Open Finance framework.<\/li>\n\n\n\n<li>This step is part of Spare\u2019s expansion plan into the UAE following the issuance of the Open Finance regulations.<\/li>\n\n\n\n<li>Spare offers APIs that allow businesses to make payments and access banking data.<\/li>\n<\/ul>\n\n\n\n<p><strong>Abu Dhabi, UAE | July 31, 2025 <\/strong>&nbsp;Spare, a leading Open Finance infrastructure provider, has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) to operate under the country\u2019s Open Finance regulatory framework.<\/p>\n\n\n\n<p>This milestone places Spare among the first cohort of companies advancing toward full regulatory authorization under the UAE\u2019s Open Finance framework. It reflects the company\u2019s commitment to secure, compliant, and user-centric financial innovation across the region.<\/p>\n\n\n\n<p>As part of Spare\u2019s regional expansion strategy, the UAE reinforces the company\u2019s approach of entering markets with a well-defined regulatory framework. Spare\u2019s expansion into the UAE comes shortly after the establishment of the Central Bank\u2019s Open Finance Regulation.<\/p>\n\n\n\n<p>Spare provides merchants a secure and unified API platform for financial account-to-account payments and data access, enabling capabilities such as recurring payments, future dated payments, account aggregation, identity verification, and risk assessment and many more.<\/p>\n\n\n\n<p>\u201cWe see the UAE as a strategically important market for Open Finance, with a clear regulatory framework and strong momentum in digital financial services,\u201d said Dalal AlRayes, Co-founder and CEO of Spare. \u201cThis approval is a strong vote of confidence in our technology, our approach to responsible innovation, and our long-term vision for Open Finance in the region.\u201d<\/p>\n\n\n\n<p>Spare is already licensed by the Central Bank of Bahrain and operates across Saudi Arabia, Bahrain, UAE, and Kuwait, delivering Open Finance solutions that power account aggregation, open banking payments, and financial data connectivity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi, UAE | July 31, 2025 &nbsp;Spare, a leading Open Finance infrastructure provider, has received In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) to operate under the country\u2019s Open Finance regulatory framework. This milestone places Spare among the first cohort of companies advancing toward full regulatory authorization under the UAE\u2019s Open [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":49511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[9158,9157],"class_list":["post-49506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-central-bank-of-the-uae","tag-spare"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/49506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=49506"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/49506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/49511"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=49506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=49506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=49506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}