Saturday, October 28, 2023

Saudi Central Bank Certifies Tarabut Gateway for Open Banking

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Saudi Arabia has granted open banking certification to Tarabut Gateway, a Dubai-based fintech company, as part of its efforts to become a global fintech hub. The Saudi Central Bank, also known as SAMA, approved the certification, allowing Tarabut Gateway to intensify its operations in the Kingdom. The company aims to provide innovative and personalized financial services to consumers in Saudi Arabia, particularly small and medium enterprises struggling with cash-flow management and access to funding. Tarabut Gateway is aligning its objectives with the Vision 2030 blueprint and contributing to Saudi Arabia’s financial transformation. The company recently secured $32 million in funding to catalyze its open banking operations in the Kingdom.

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