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According to analysis by international law firm Pinsent Masons, future growth opportunities for UAE banks are closely linked to digital transformation. This article explores how digitalization is reshaping the competitive landscape of the UAE banking sector and analyzes its potential impact on payment infrastructure, regulation, and financial inclusion.
Based on the latest Precedence Research report, the global open banking market size is expected to grow from $35.72 billion in 2025 to $240.31 billion by 2035, with a compound annual growth rate of 21%. The article analyzes market growth drivers, regional dynamics, and the impact on the financial system.
Explore global digital asset regulatory trends, analyzing the impact of regulatory changes on the financial system, payments, banking, and fintech.
The global open banking market is expected to grow from $35.72 billion in 2025 to $240.31 billion in 2035, with a CAGR of 21%. Europe dominates the market, while Asia-Pacific is the fastest-growing region. API, AI, and regulation are driving the reshaping of the financial ecosystem.
GoCardless and Sage expand strategic partnership, directly embedding the open banking payment function Pay by Bank into Sage Business Cloud Accounting, helping small and medium-sized enterprises achieve automatic reconciliation, reduce transaction costs, and improve cash flow management.
Branislav Straka, COO and Head of Innovation at ČSOB Bank, elaborates on the "Beyond Banking" strategy, building a life partner platform through super apps, non-financial services, and digital identity, driving the transformation of traditional banks into a digital ecosystem.
Global payments giant Global Payments executives interpret the practical applications of stablecoins in cross-border settlements and corporate liquidity management, as well as how European and American regulatory frameworks are driving stablecoins to become mainstream payment tools.
The European Parliament's Committee on Economic and Monetary Affairs approved the digital euro draft with 43 votes in favor and 14 against, paving the way for testing in 2027 and official launch in 2029. The digital euro aims to safeguard Europe's monetary sovereignty, reduce reliance on Visa and Mastercard, and provide a secure, free central bank digital currency available both online and offline.
Money20/20 Europe 2026 concluded in Amsterdam, with stablecoins surpassing AI as the focus. The European Payments Initiative (EPI) and Wero wallet are promoting regional interoperability, while real-time payment infrastructure deployment accelerates. The conference also revealed the reliability gaps of AI agents in compliance and the rise of proactive fraud prevention technologies.