Open Finance
Open Finance advisory helps institutions turn data-sharing regulation into products. Payment Labs advises on Open Finance strategy, API and consent architecture, governance and commercial models, across live frameworks such as the UAE's Al Tareq and emerging ones such as the EU's proposed FiDA, drawing on 22+ years of payments experience across Europe, the Middle East, Africa and Asia.
Four issues shaping Open Finance programmes
Regulation sets the floor; products create the return
In the UAE, the Open Finance Regulation requires licensed financial institutions under Central Bank supervision to participate. Mandatory participation shifts the question from whether to connect to what to build, and which use cases justify the investment.
Demand, not access, is the constraint
European policy discussions have flagged unproven customer demand as a risk for open finance, building on the experience of Open Banking under PSD2. Institutions that start from specific, high-value use cases will outperform those that start from compliance.
Consent and governance are the product
The proposed FiDA design requires data holders to provide permission dashboards and to join financial data sharing schemes that set common standards. Whoever makes consent simple, visible and auditable gains customer trust and regulatory comfort.
Build once, comply in several markets
A consistent API, consent and data-governance layer can serve the UAE framework today and FiDA tomorrow. Designing for one market in isolation creates rework.
What our Open Finance advisory
delivers
01
Open Finance strategy and use-case prioritisation
02
Regulatory scoping and licence readiness
03
API architecture and standards alignment
04
Consent and authentication design
05
Data-sharing governance and scheme design
06
Liability, disputes and customer protection
07
Commercial and pricing model
08
Third-party provider and operating model
How an engagement works
Assess
Review data assets, current APIs and regulatory exposure.
Design
Define use cases, architecture and governance.
Deliver
Support build, certification and launch.
Related research and solution
SME Open Finance
Small and medium-sized businesses (SMBs) are the engine of the UAE economy. Yet, many still struggle with disconnected financial workflows, delayed visibility into cash flow, manual reconciliation, and a high dependency on bank portals. As the market matures, UAE SMBs expect faster, simpler, and more integrated financial tools