Tarabut, an open banking and built -in funding platform, has received approval from the Central Bank of the United Arab Emirates (CBUAE) after the introduction of the UAE’s open financial regulation.
This milestone marks the third national regulatory license for the company after Bahrain and Saudi Arabia.
Tarabut technology allows regulated financial institutions, lenders, insurers and digital platforms to utilize financial data that impose on customer on real -time credit decisions, income verification and personalized bids. By incorporating these opportunities directly into partners’ platforms, Tarabut unlocks smart and accessible financial services, on a scale.
“This is a key step forward for economic integration in the UAE and the whole area,” said Abdulla Almoayed, founder and chief executive of Tarabut. “We are proud to work with the UAE Central Bank to help implement the National Vision for Open Funding.
With real -time connectivity to all major banks in Saudi Arabia and Bahrain and now regulatory clearance in the UAE, Tarabut is uniquely positioned to scale built -in funding and open banking throughout the Middle East, providing infrastructure.