UAE Central Bank has launched its Digital transformation initiatives: AANI and Jaywan. UAE's AEP (Al Etihad Payments) launched AANI (It is actually based on In

UAE Central Bank has launched its Digital transformation initiatives: AANI and Jaywan. UAE's AEP (Al Etihad Payments) launched AANI (It is actually based on India's phenomally successfully "UPI" - its technology stack was licensed to UAE) as digital payments platform. Jaywan is UAE's domestic cards scheme (in competition to Visa, MasterCard, etc.) (It is actually based on India's successfully RuPay technology stack, licensed to UAE). And Jaywan uses XML for its files! So these brand new banking initiatives in Middle East, use XML as the primary file format, because those Banks know that all the thousands of fields/columns in the CBS (Core Banking System) and upstream and downstream system, need a strict file format specification for file loading, processing, Reconciliations, Settlement, Disputes/Chargeback, etc.