«PayTann» and «Dubai Commercial Bank» announced the launch of open finance services under the «Tariq» open finance initiative in the United Arab Emirates. This launch is one of the first wide-scale applications of open finance services in personal banking in the UAE, moving from limited trial stages to actual use by customers. The services enable both parties to execute transactions. Dubai Commercial Bank, in collaboration with «PayTann», has enabled current and savings accounts for its individual customers to connect via the country's open finance framework, allowing for secure data sharing and initiating payment operations in accordance with the requirements of the Central Bank of the UAE.
