{"id":12804,"date":"2025-07-28T10:02:46","date_gmt":"2025-07-28T10:02:46","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=27060"},"modified":"2025-07-28T10:02:46","modified_gmt":"2025-07-28T10:02:46","slug":"lean-technologies-among-first-to-gain-uae-approval-under-new-open-finance-framework","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/lean-technologies-among-first-to-gain-uae-approval-under-new-open-finance-framework\/","title":{"rendered":"Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework"},"content":{"rendered":"

Lean Technologies<\/a>, a financial infrastructure provider based in the MENA region, has received In-Principle Approval (IPA) from the Central Bank of the UAE<\/a> under the country\u2019s new Open Finance Framework.<\/p>\n

The IPA positions Lean as one of the first companies to offer regulated Open Finance services in the UAE, advancing its path toward full licensing.<\/p>\n

The approval comes as demand grows for faster, more transparent, and personalised financial services.<\/p>\n

Open Finance enables users to make payments, access credit, and manage finances through connected systems.<\/p>\n

Lean\u2019s infrastructure aims to support this shift by offering features such as instant account-to-account payments, quicker loan approvals, and financial tools built around data access and control.<\/p>\n

\"Hisham
Hisham Al-Falih<\/figcaption><\/figure>\n
\n

\u201cOpen Finance is more than a technology upgrade. It\u2019s a foundation for a smarter, more innovative economy,\u201d<\/p>\n<\/blockquote>\n

said Hisham Al-Falih, CEO and Co-Founder of Lean Technologies.<\/p>\n

\n

\u201cBy connecting customers, regulators, and businesses on a single, interoperable infrastructure, we\u2019re directly supporting the UAE\u2019s vision for a world-class digital financial system.\u201d<\/p>\n<\/blockquote>\n

Since its founding, Lean has worked with regulators, banks, and fintechs to develop financial connectivity in the region.<\/p>\n

The company reports handling over US$2 billion in transaction volume and linking more than 1 million customer accounts.<\/p>\n

Its infrastructure underpins a range of use cases including payments, lending, and personal finance.<\/p>\n

\n

\u201cWith this approval, we\u2019re not just expanding our capabilities, we\u2019re expanding access,\u201d<\/p>\n<\/blockquote>\n

Al-Falih added.<\/p>\n

\n

\u201cWe\u2019re enabling more people and businesses to participate fully in the digital economy.\u201d<\/p>\n<\/blockquote>\n

Lean also supports the AlTareq initiative, a national programme to implement Open Finance infrastructure across the UAE.<\/p>\n

Its systems comply with ISO 27001 and SOC 2 standards and have demonstrated consistent API uptime and performance at scale.<\/p>\n

In 2022, Lean became the first third-party provider to receive a Financial Services Permission from Abu Dhabi Global Market (ADGM).<\/p>\n

It also joined the Saudi Central Bank\u2019s regulatory sandbox that year.<\/p>\n

The company has raised over US$100 million from investors including General Catalyst and Bain Capital Ventures and is expanding its regulated services across the Gulf region.<\/p>\n

 <\/p>\n

Featured image credit: Lean Technologies<\/a><\/em><\/p>\n

The post Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lean Technologies, a financial infrastructure provider based in the MENA region, has received In-Principle Approval (IPA) from the Central Bank of the UAE under the country\u2019s new Open Finance Framework. The IPA positions Lean as one of the first companies to offer regulated Open Finance services in the UAE, advancing its path toward full licensing. […]<\/p>\n

The post Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,278,206,287],"tags":[],"class_list":["post-12804","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-central-bank-of-the-uae-cbuae","category-dubai","category-lean-technologies"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12804"}],"version-history":[{"count":1,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12804\/revisions"}],"predecessor-version":[{"id":12805,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12804\/revisions\/12805"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}