Open finance in the United Arab Emirates has officially shifted from pilot testing into full production. Dubai-based infrastructure provider Fintech Galaxy has secured regulatory approval from the Central Bank of the UAE to operate as a licensed Open Finance provider. The regulatory approval allows Fintech Galaxy to connect banks, fintechs, and financial institutions under a single, central bank-sanctioned data-sharing framework. Founded by former Mastercard executive Mirna Sleiman, the platform's API network enables consumers and businesses to securely grant third-party applications access to their financial data. This unlocks real-time account aggregation, instant credit scoring, variable recurring payments, and automated personal finance tools without relying on temporary bilateral agreements. The milestone directly supports CBUAE's broader Financial Infrastructure Transformation (FIT) program, designed to accelerate digital payments, open finance, and instant settlements across t...