The Fintech market reached $111 billion in 2019 and is expected to reach $325 billion in 2030. Therefore, we need to promote the development of financial technology. #DigitalBanking #Insurance #Loans #Lending #Finance #Investments #Trading

Blockchain application in finance

Blockchain will change the traditional financial systems that operate from centralized databases to distributed systems. The business value added by blockchain will surpass $176 billion by 2025 and $3.1 trillion by 2030.

Central Bank of the UAE

Digital Banking

Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile and ATM services.

Central Bank of the UAE

How to increase the Financial literacy and education for the youth generations

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management apps.

Central Bank of the UAE

Innovative ways to Open finance

Open Finance is an opportunity to build on the conceptual framework of Open Banking and allow consumers, and SMEs to access and share their data with third party providers, who can then use that data to develop innovative products and services which meet their needs today and in the future. Open finance aims to include consumers being able to engage better with financial products and how to make more informed decisions.

Central Bank of the UAE