Bahrain’s Tarabut Gateway expands its Open Banking platform to UAE

Bahrain’s Tarabut Gateway expands its Open Banking platform to UAE

Bahrain-headquartered fintech Tarabut Gateway has expanded to the United Arab Emirates with the launch of its Open Banking platform in the country, it announced today. The startup has also opened two new offices in Abu Dhabi (Hub71) and Dubai (DIFC FinTech Hive).

Tarabut Gateway claims to be MENA's first regulated Open Banking platform, enabling fintechs and other financial services providers to access financial data of the customers (with their consent) from its partner banks through its Open Banking APIs. This allows fintechs to build and improve their digital products.

The startup currently has 17 retail banks as its partners in Bahrain, Kuwait, Lebanon, United Kingdom, India, and now UAE. It has three products; Account Aggregation, Payment Initiation, and Infrastructure Access. According to the information available on the website, it seems that Payment