Regulatory framework for financial technology in the UAE including CBUAE guidelines, DFSA Innovation Testing Licence, FSRA RegLab, and SCA regulations for robo-advisory and digital assets.
Ask GCC LexAI about Fintech →The Central Bank of the UAE (CBUAE) issues regulatory frameworks for stored value facilities, payment services, and digital banking. It also operates a regulatory sandbox for innovative fintech solutions.
The DFSA offers an Innovation Testing Licence (ITL) that allows firms to test innovative products in the DIFC with modified requirements, enabling fintech companies to validate their models before full authorisation.
Regulated activities include digital payments, lending platforms, robo-advisory services, crowdfunding, account aggregation, and buy-now-pay-later schemes, with oversight split between CBUAE, DFSA (DIFC), and FSRA (ADGM).