{"id":17398,"date":"2023-12-05T08:40:06","date_gmt":"2023-12-05T08:40:06","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=17398"},"modified":"2023-12-05T08:40:06","modified_gmt":"2023-12-05T08:40:06","slug":"open-bankings-imminent-rise-in-the-mena-region","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/open-bankings-imminent-rise-in-the-mena-region\/","title":{"rendered":"Open Banking&#8217;s Imminent Rise in the MENA Region"},"content":{"rendered":"<p>Paytech, Arab Financial Services (AFS) and Brankas have published a new whitepaper on open banking in the MENA region. The paper highlights an expectation that the region (especially Bahrain, Saudi Arabia and the UAE) is on the brink of a significant open banking breakthrough. The paper also emphasizes the necessity of collaborations between diverse entities within the fintech industry for the overall success of open banking. While open banking is seen as a pathway for innovations and digital transformations, the adoption of open banking in the MENA region is not just about technological advancement but is also fundamental to the region&#8217;s B2B financial landscape. This advancement is expected to continue the transformation of financial services in the region and also build consumer trust in financial institutions.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-17398 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Top 10 Emerging Fintech Trends for 2024'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-10-emerging-fintech-trends-for-2024\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/12\/60db2c86-25f1-afc7-bbd1-0f6244cfa2e41-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17386\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17386'>\n\t\t\t\tTop 10 Emerging Fintech Trends for 2024\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Arab Financial Inclusion Prize encouraging FinTech to help the unbanked'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/arab-financial-inclusion-prize-encouraging-fintech-to-help-the-unbanked\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/arab-financial-inclusion-prize-encouraging-fintech-to-help-the-unbanked-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10830\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10830'>\n\t\t\t\tArab Financial Inclusion Prize encouraging FinTech to help the unbanked\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: turning data analytics into excellent customer experiences'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-turning-data-analytics-into-excellent-customer-experiences\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/10\/First-Citizens-Bank-Part-2-The-Role-of-Data-and-Integration-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13802\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13802'>\n\t\t\t\tVideo: turning data analytics into excellent customer experiences\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Paytech, Arab Financial Services (AFS) and Brankas have published a new whitepaper on open banking in the MENA region. The paper highlights an expectation that the region (especially Bahrain, Saudi Arabia and the UAE) is on the brink of a significant open banking breakthrough. The paper also emphasizes the necessity of collaborations between diverse entities &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17398"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=17398"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17398\/revisions"}],"predecessor-version":[{"id":17399,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/17398\/revisions\/17399"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=17398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=17398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=17398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}