Article: ADGM rolls out framework to regulate open banking platforms

Money, Open Governance

ADGM rolls out framework to regulate open banking platforms

The Financial Services Regulatory Authority of Abu Dhabi Global Market introduced a new regulatory framework to supervise financial technology companies providing third-party services to customers, the financial free zone said.

Third-party providers (TPPs) are companies that act as intermediaries between customers and financial institutions to help users manage their data more effectively when performing financial transactions, ADGM said in a statement on Thursday.

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