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API Sandbox And Open Banking Collaboration Debut In UAE

“To that end, Emirates NBD said Monday (November 5) that it has enabled open banking collaboration, announcing the launch of its API Sandbox” reports pymnts.com. Open banking is spreading to new regions, evidenced by recent headlines from Europe and Asia, and in news reported this week, the Middle East, specifically the United Arab Emirates.The companies said that Emirates NBD’s API Sandbox is powered by Virtusa, a U.S.-based information technology services company, and enabled by the Group CIO Miguel Rio Tinto.The sandbox, said the bank and as reported in the Saudi Gazette, will accelerate innovation amid partnerships including FinTechs and FIs.
 
Source: pymnts.com



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