Abu Dhabi's Dapi faces challenges with open banking in MENA
Abu Dhabi-based fintech Dapi is implementing open banking APIs across the MENA region but faces regulatory licensing delays and technical challenges integrating with legacy banking systems to enable unified data access for banks and fintechs.
This one caught my attention over at Fintech Futures:
Abu Dhabi-based fintech Dapi is facing challenges in implementing open banking in the Middle East and North Africa (MENA) region due to regulatory and technical hurdles. The company aims to provide a unified API for banks and fintechs to access customer data, but is currently facing delays in obtaining necessary licenses and integrating with legacy banking systems.
