Fintech Galaxy announces the launch of a one-of-a-kind resource: the MENA Report: From Open Banking to Open Finance, analysing the Open Banking landscape in the MENA region, showcasing each country’s current state and estimated projections for the market.

The report comprises several chapters, beginning with an introduction to Open Banking and Open Finance, highlighting the global and regional market sizes. The second chapter dives into the transition from Open Banking to Open Finance, emphasizing on the importance of financial inclusion. It continues with an overview of Open Banking in different parts of the world, from Europe to Australia, through Asia and others.

The report continues with an analysis of the following countries: the United Arab Emirates, the Kingdom of Saudi Arabia, Bahrain, Kuwait, Oman, Egypt, Jordan, and Iraq. A variety of data-driven indicators have been used, including number of banks, number of FinTechs, and financial inclusion factors, like account ownership and adults using online banking.

The final chapter focuses on what is holding back Open Banking in the region versus its key drivers. To get full access to the report, with its data and predictions, access this link.