Tarabut, MENA’s leading open banking and embedded finance platform, has reached a remarkable new milestone receiving in-principle approval from the Central Bank of the United Arab Emirates (CBUAE). This approval, following the introduction of the UAE’s Open Finance regulation, is more than a regulatory win; it’s a clear signal that the region is moving decisively toward a smarter, more inclusive financial future.
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For Tarabut, this marks its third national regulatory license following Bahrain and Saudi Arabia and makes it the first regional fintech licensed under Open Finance frameworks in all three of the Gulf’s major economies. In other words, the company is not just participating in this transformation; it’s helping lead it.
Tarabut’s technology is already enabling banks, lenders, insurers, and digital platforms to do things that were once unthinkable like making real-time credit decisions or offering personalized financial products using customer-permissioned data. But what sets Tarabut apart isn’t just its infrastructure—it’s how that infrastructure is used to bring real value to people’s lives.
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Imagine a small business in Riyadh getting access to revenue-based financing without all the usual paperwork and delays. Or a young professional in Dubai, new to the workforce, getting approved for a credit card despite having little or no credit history. These are the kinds of real, meaningful changes Tarabut is making possible.
According to Abdulla Almoayed, Founder and CEO of Tarabut, the company’s latest approval is about much more than ticking a regulatory box. “This is a pivotal step forward for financial inclusion in the UAE and across the region,” he said. “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.”
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This progress isn’t just theoretical. Across the Gulf, Tarabut’s solutions are already reshaping financial experiences. From helping reduce the cost of underwriting through smarter data use, to providing AI-powered insights that help users better understand their finances, the company is building tools that are both practical and impactful.
What makes this journey exciting is the bigger picture: Tarabut’s success isn’t just about technology—it’s about trust, inclusion, and building infrastructure that works for everyone. With live connectivity to all major banks in Saudi Arabia and Bahrain, and now the green light from the UAE’s central bank, Tarabut is uniquely positioned to bring the promise of Open Finance to life across the region.
And at the heart of it all is a simple, powerful idea: everyone deserves access to financial tools that work for them not just the few. Tarabut is making that vision real, one partnership, one solution, and one country at a time.nking across the Middle East, delivering infrastructure that is inclusive by design and built for impact.
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