CBD Advances Open Finance in the UAE with Payments from Other Bank Accounts
Commercial Bank of Dubai (CBD) has become the first bank in the UAE to enable customers to initiate payments from accounts held with other banks directly through the CBD mobile app.
Dubai, UAE, 17 August 2026: Commercial Bank of Dubai (CBD) has strengthened its position at the forefront of Open Finance innovation in the UAE after receiving approval from the Central Bank of the UAE (CBUAE) to operate as a Third-Party Provider (TPP) under the UAE’s Open Finance Initiative, Al Tareq, the national Open Finance framework.
The milestone follows CBD’s successful activation of Open Finance in a live environment in December 2025, making it one of the first banks in the UAE to achieve this milestone.
Under the approval, CBD customers can securely access information on their accounts held with participating banks and initiate payments from those accounts, expanding the range of services available through the CBD mobile banking app.
The approval supports the continued development of Open Finance capabilities within the CBD mobile app. Customers will be able to view balances held with other banks and initiate payments directly from those accounts, with additional services planned later this year.
These capabilities position the CBD mobile app as a central banking platform, giving customers greater visibility across their accounts and enabling them to manage payments with other banks more seamlessly, supporting a more connected and data-driven banking experience.
CBD is playing a leading role in the implementation and development of the UAE’s Open Finance ecosystem. Its efforts have also received international recognition, with the bank receiving two Global Economics Awards for Best Leadership in Advancing Open Finance and Leading Bank in Open Finance Implementation.
Commenting on the milestone, Dr. Bernd van Linder, Chief Executive Officer of CBD, said: “Securing Third-Party Provider approval is a significant step in our Open Finance strategy. It enables us to enhance how customers manage their financial services while supporting the UAE’s digital transformation agenda.”
Vladislavs Mironovs, Chief Digital Officer at CBD, added: “This approval allows us to extend the capabilities of the CBD mobile app beyond our own ecosystem. We are building a platform where customers can access and manage accounts across banks securely, with additional Open Finance services to follow later this year.”
The UAE’s Open Finance framework is expected to accelerate innovation by enabling secure, consent-based data sharing between licensed participants in the ecosystem.
CBD continues to invest in digital transformation, with Open Finance serving as a key pillar of its strategy as the bank prepares to roll out new capabilities for customers in line with regulatory requirements and developments in digital banking.
About Commercial Bank of Dubai
Commercial Bank of Dubai (DFM: CBD) is a Public Shareholding Company established in 1969 by an Emiri Decree issued by the late Sheikh Rashid bin Saeed Al Maktoum. CBD provides a comprehensive range of retail and commercial banking products and services through an extensive network of branches and ATMs in the UAE.
As of 30 June 2026, the bank reported total assets of AED 154.5 billion and net profit of AED 1.885 billion before tax, reflecting its strong market position and continued growth.
CBD provides a full range of personal, elite, private, business, corporate and institutional banking services through both conventional and Shari’ah-compliant formats. These are supported by advanced digital platforms, including a next-generation mobile app and the award-winning iBusiness platform.
CBD also operates UP by CBD, a digital banking platform designed to support micro and small businesses across the UAE with integrated banking, payments, credit and financial management solutions.
Recognised for its innovation and digital leadership, CBD supports national development goals through financial technology, Emiratisation and strategic partnerships.
Image credit: Commercial Bank of Dubai.
