Central Bank advances with Aprta project
The article discusses the success of the "AbraTa" project led by the Central Bank of the United Arab Emirates, which aims to promote secure open finance and facilitate cross-border financial trading. The project demonstrated the ability to securely and instantaneously exchange financial data between regulatory authorities in five economies, while reducing costs and accelerating the process for small and medium-sized enterprises to join international markets. This achievement is an important step toward enhancing monetary stability and solidifying the UAE’s position as a global financial hub.
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