Tarabut Gateway news and trends

Visa and Tarabut Gateway Team to Expand MENA Open Banking
Banking // May 09, 2023

Tarabut Gateway has partnered with Visa for a Middle East/North Africa-focused open banking partnership. The companies announced their collaboration Tuesday (May 9), with plans to create “data-driven offerings” like credit risk assessments, advanced analytics, and insights before moving on to cross-border payment and lending solutions. “The future of financial services...

Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
Investments // May 03, 2023

Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May 3) in a news release provided to PYMNTS, saying it wants to use the money to attract new talent and...

Tarabut Gateway Teams With Rain to Tap MENA Crypto Market
Cryptocurrency // March 14, 2023

The open banking platform Tarabut Gateway is entering its region’s busy crypto market. The company announced Tuesday (March 14) it had teamed with Rain, the first regulated cryptocurrency asset trading platform in the Middle East/North Africa (MENA) region.  “The partnership is the company’s first collaboration with a crypto asset service...

New Lab Paves Way for Saudi Arabia’s Open Banking Launch
Banking // January 11, 2023

The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced by the Central Bank of Saudi Arabia (SAMA) earlier this month, will create a technical testing environment for the development of new open banking services ahead...

Interviews & Exclusives
Business-Friendly Regulations Drive Open Banking Adoption in the Middle East

June 12, 2023
The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and “forward-thinking” regulators, said Abdulla Almoayed, founder and CEO at Tarabut Gateway.  According to Almoayed, this trend has made it possible to implement innovations seamlessly and much faster than in other […]

As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large

September 20, 2022
Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent — a process known as open...

Quick Reads
Visa and Tarabut Gateway Team to Expand MENA Open Banking

May 09, 2023
Tarabut Gateway has partnered with Visa for a Middle East/North Africa-focused open banking partnership. The companies announced their collaboration Tuesday (May 9), with plans to create “data-driven offerings” like credit risk assessments, advanced analytics, and insights before moving on to cross-border payment and lending solutions. “The future of financial services is being shaped by next-gen digital innovation, with open banking […]

Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking

May 03, 2023
Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May 3) in a news release...

Tarabut Gateway Teams With Rain to Tap MENA Crypto Market

March 14, 2023
The open banking platform Tarabut Gateway is entering its region’s busy crypto market. The company announced Tuesday (March 14) it had teamed with Rain, the first regulated cryptocurrency asset trading platform in the Middle East/North...

DIFC Selects Tarabut Gateway for MENA’s First Open Finance Lab Partner 

June 28, 2022
The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, formally launching Tuesday (June...