{"id":8466,"date":"2024-03-02T13:07:06","date_gmt":"2024-03-02T13:07:06","guid":{"rendered":"https:\/\/thegulfpress.com\/navigating-the-sands-of-innovation-open-finance-in-the-gcc\/"},"modified":"2024-03-02T13:07:06","modified_gmt":"2024-03-02T13:07:06","slug":"navigating-the-sands-of-innovation-open-finance-in-the-gcc","status":"publish","type":"post","link":"https:\/\/thegulfpress.com\/en\/navigating-the-sands-of-innovation-open-finance-in-the-gcc\/","title":{"rendered":"Navigating the sands of innovation: Open Finance in the GCC"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"pageContainer\">\n<p><i><b>Serena Sebastiani<\/b> from <b>PwC Middle East<\/b> embarks on a journey through innovation in the GCC&#8217;s financial sector with a focus on Open Finance. Discover the region&#8217;s strategic evolution.<\/i><\/p>\n<p style=\"text-align: justify;\">\u00a0<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/thepaypers.com\/Images\/pwc-middle-east-obr-2023.png\" style=\"width: 650px; height: 325px;\" longdesc=\"Serena Sebastiani from PwC Middle East embarks on a journey through innovation in the GCC's financial sector with a focus on Open Finance. Discover the region's strategic evolution.\" alt=\"Serena Sebastiani from PwC Middle East embarks on a journey through innovation in the GCC's financial sector with a focus on Open Finance.\" title=\"Navigating the sands of innovation: Open Finance in the GCC\" \/><\/p>\n<p style=\"text-align: justify;\">\u00a0<\/p>\n<p style=\"text-align: justify;\">The banking industry has entered its fifth transformation phase, marked by the emergence of Application Programming Interface (API) banking as a new channel, occurring alongside digital transformations like Open Finance, Banking-as-a-Service (BaaS), and Banking-as-a-Platform (BaaP).<\/p>\n<p style=\"text-align: justify;\">The metamorphosis is particularly evident in the GCC, which is driven by a supportive government mandate and a growing fintech ecosystem. Here, financial services&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/thepaypers.com\/expert-opinion\/navigating-the-sands-of-innovation-open-finance-in-the-gcc--1266919\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Serena Sebastiani from PwC Middle East embarks on a journey through innovation in the GCC&#8217;s financial sector with a focus on Open Finance. Discover the region&#8217;s strategic evolution. \u00a0 \u00a0&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1832],"tags":[2110,2111,2112,2113],"class_list":["post-8466","post","type-post","status-publish","format-standard","hentry","category-finance-en","category-finance-ar","tag-open-banking","tag-open-finance","tag-regulation","tag-report"],"_links":{"self":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/8466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/comments?post=8466"}],"version-history":[{"count":0,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/posts\/8466\/revisions"}],"wp:attachment":[{"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/media?parent=8466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/categories?post=8466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thegulfpress.com\/en\/wp-json\/wp\/v2\/tags?post=8466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}