Technology developments, regulatory reforms, and changing client expectations have all contributed to considerable changes in the banking sector in the United Arab Emirates (UAE). As a result, financial institutions in the UAE are embracing new banking trends in order to adapt to new problems and opportunities. The banking industry in the UAE is fast changing, from digital banking to open banking, from sustainable finance to cutting-edge payment solutions.
Leading financial services provider The Centennial Finance Group has closely followed these trends and is leading the charge for reform in the sector. In this paper, we examine the new banking trends in the UAE and how they affect both the market and the general public.