Tarabut Secures In-Principle Approval from the Central Bank of the UAE, Marking a Milestone for Embedded Finance and Financial Inclusion
Tarabut, MENA's leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE's Open Finance regulation. This milestone positions Tarabut at the forefront of Open Finance in the region and marks the third national regulatory license for the company, after Bahrain and Saudi Arabia.
With this approval, Tarabut becomes the first regional fintech to be licensed under Open Finance frameworks in all three major Gulf economies, underscoring its critical role as the infrastructure layer powering the future of financial services in the region.
Tarabut's technology enables regulated financial institutions, lenders, insurers, and digital platforms to leverage customer-permissioned financial data for real-time credit decisions, income verification, and personalised offerings. By embedding these capabilities directly into partner platforms, Tarabut unlocks inclusive, intelligent, and accessible financial services, at scale.
'This is a pivotal step forward for financial inclusion in the UAE and across the region,' said Abdulla Almoayed, Founder and CEO of Tarabut. 'We're proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Tarabut's infrastructure delivers real-time, data-driven products – credit cards for the underserved, embedded SME financing, and more, driving real economic value and enabling access where it's needed most.'
Across the region, Tarabut has powered transformative use cases such as:
Credit cards for thin-file customers
Revenue-based financing for SMEs
Pre-check tools that reduce underwriting costs
AI-driven financial insights that personalise user journeys
These solutions are directly aligned with national economic goals, supporting entrepreneurship, reducing credit barriers, and improving financial health for individuals and businesses.
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 embedded finance and open banking across the Middle East, delivering infrastructure that is inclusive by design and built for impact.
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11 hours ago
- Web Release
Tarabut Secures In-Principle Approval from the Central Bank of the UAE, Marking a Milestone for Embedded Finance and Financial Inclusion
Tarabut Secures In-Principle Approval from the Central Bank of the UAE, Marking a Milestone for Embedded Finance and Financial Inclusion Tarabut, MENA's leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) following the introduction of the UAE's Open Finance regulation. This milestone positions Tarabut at the forefront of Open Finance in the region and marks the third national regulatory license for the company, after Bahrain and Saudi Arabia. With this approval, Tarabut becomes the first regional fintech to be licensed under Open Finance frameworks in all three major Gulf economies, underscoring its critical role as the infrastructure layer powering the future of financial services in the region. Tarabut's technology enables regulated financial institutions, lenders, insurers, and digital platforms to leverage customer-permissioned financial data for real-time credit decisions, income verification, and personalised offerings. By embedding these capabilities directly into partner platforms, Tarabut unlocks inclusive, intelligent, and accessible financial services, at scale. 'This is a pivotal step forward for financial inclusion in the UAE and across the region,' said Abdulla Almoayed, Founder and CEO of Tarabut. 'We're proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Tarabut's infrastructure delivers real-time, data-driven products – credit cards for the underserved, embedded SME financing, and more, driving real economic value and enabling access where it's needed most.' Across the region, Tarabut has powered transformative use cases such as: Credit cards for thin-file customers Revenue-based financing for SMEs Pre-check tools that reduce underwriting costs AI-driven financial insights that personalise user journeys These solutions are directly aligned with national economic goals, supporting entrepreneurship, reducing credit barriers, and improving financial health for individuals and businesses. 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 embedded finance and open banking across the Middle East, delivering infrastructure that is inclusive by design and built for impact.
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Tarabut's open finance platform secures in-principle approval from CBUAE
Tarabut, one of MENA's leading open banking and embedded finance platforms, secured in-principle approval from the Central Bank of the United Arab Emirates (CBUAE) that will help it connect real-time to major banks in the country and deliver faster and secure services and infrastructure. This follows the introduction of the UAE's Open Finance regulation and positions the Dubai-based company at the forefront of open finance in the region. It is the third national regulatory license for Tarabut, following Bahrain and Saudi Arabia. Open finance is a secure way for financial institutions to open their systems to accredited third-party providers. Using customer-consented financial data to build applications and innovative financial services can create solutions that provide retail, SME, and corporate consumers with better ultimate control over their information. 'Ultimately, this system can offer customers greater choice in their financial services, and provide better service value,' CBUAE said on its website. A recent MarkNtel Advisors research in June this year projected the global open banking market size to reach US$136.13 billion by 2030, growing at a CAGR of 27.6 per cent from US$31.54 billion in 2024. This growth is driven by the ongoing digital transformation within the banking sector, where both innovative digital banks and traditional institutions are modernising their operations to remain competitive, the research added. With this approval, Tarabut becomes the first regional fintech to be licensed under open finance frameworks in all three major Gulf economies, underscoring its critical role as the infrastructure layer powering the future of financial services in the region. Abdulla Almoayed, Founder and CEO of Tarabut, commented: 'This is a pivotal step forward for financial inclusion in the UAE and across the region. 'We're proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Tarabut's infrastructure delivers real-time, data-driven products – credit cards for the underserved, embedded SME financing, and more, driving real economic value and enabling access where it's needed most.' Tarabut's technology enables regulated financial institutions, lenders, insurers, and digital platforms to leverage customer-permissioned financial data for real-time credit decisions, income verification, and personalised offerings. By embedding these capabilities directly into partner platforms, Tarabut unlocks inclusive, intelligent, and accessible financial services at scale. Across the region, Tarabut has powered transformative use cases such as credit cards for thin-file customers; revenue-based financing for SMEs; pre-check tools that reduce underwriting costs, and AI-driven financial insights that personalise user journeys. These solutions support entrepreneurship, reduce credit barriers, and improve financial health for individuals and businesses.
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Tarabut Secures UAE Central Bank Approval for Open Finance Operations
Tarabut, a Dubai-based open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE), following the introduction of the UAE's Open Finance regulation. This development marks Tarabut's third national regulatory license after Bahrain and Saudi Arabia and positions the company among the early movers in the region's open finance sector. With this latest approval, Tarabut becomes the first fintech in the region to operate under Open Finance frameworks in all three major Gulf economies. The company provides the underlying infrastructure for financial institutions, lenders, insurers, and digital platforms to access and utilise customer-permissioned financial data. Its technology supports services such as real-time credit decisioning, income verification, and personalisation of financial offerings by embedding these tools directly into partner platforms. Abdulla Almoayed, Founder and CEO of Tarabut, commented, 'This is a pivotal step forward for financial inclusion in the UAE and across the region. We're proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Tarabut's infrastructure delivers real-time, data-driven products – credit cards for the underserved, embedded SME financing, and more, driving real economic value and enabling access where it's needed most.' Tarabut's systems have been implemented in a range of use cases across the region, including support for credit products for customers with limited credit histories, revenue-based SME financing, tools that reduce underwriting costs, and AI-led financial insights to enhance user experiences. These applications align with broader economic aims, including the promotion of entrepreneurship, improved credit access, and support for financial well-being.
