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Monday 11 September 2023

Tuesday 12 December 2023

Join The COP28 UAE –TechSprint– And Drive Change

The Central Bank of the UAE, Bank for International Settlements, EIF and the COP28 UAE Presidency invite financial innovators and developers from global private and public sector entities to participate in the global initiative "COP28 UAE TechSprint". The initiative aims to promote innovation and develop technological solutions and advanced projects to expand green and sustainable financing and combat climate change.

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FinTech Regulatory Development

We are working tirelessly to sustain an advanced, modern, future-ready financial system across the UAE.

Common Guidance for Adopting and Enabling Technologies

The CBUAE, the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market consulted jointly on the Guidelines for Financial Institutions Adopting Enabling Technologies.

The guidelines set out principles and best practice for financial institutions when adopting enabling technologies to develop or offer new products and services.

The enabling technologies include:

  • Application Programming Interfaces

  • Big Data Analytics

  • Artificial Intelligence

  • Biometrics

  • Cloud Computing

  • Distributed Ledger Technology

The CBUAE, SCA, DFSA, and FSRA have now completed their initial consultation. The CBUAE and the participating regulators have also reviewed and consolidated the feedback provided, and are working to integrate all relevant inputs into the guidance.

Fintech

Last updated on: Thursday 28 July 2022

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