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NymCard Launches Open Finance Services Under CBUAE Open Finance Regulation
NymCard, the MENA region’s leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE’s Open Finance regulation.
With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform.
Omar Onsi, CEO of NymCard, said: “Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE’s financial ecosystem by delivering impactful financial experiences.”
Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration. This positions NymCard to serve a broad range of sectors including fintechs, SMEs, micro-SMEs, banks, and marketplaces looking to embed regulated financial capabilities into their user journeys.
Ihsan Alhayek, SVP – Open Finance at NymCard, added: “We’re enabling real-world payment use cases through secure, consent-driven A2A flows—giving consumers more choice and merchants a faster, more cost-efficient alternative. It’s a major step toward building a more open and accessible payment landscape within a fully regulated framework.”
This announcement follows NymCard’s recent $33M Series B funding round led by QED Investors, and further strengthens its position as the region’s most comprehensive embedded finance provider.
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SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
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NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
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COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
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Regional Openness and the Shift to Cloud Processing
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TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.