Hakbah, Saudi Arabia’s leading decentralised savings platform, partners with Tarabut

Hakbah, Saudi Arabia’s leading decentralised savings platform, partners with Tarabut

- Hakbah to enhance its offering via Tarabut’s open banking and connectivity platform

- Faster, easier and an even more cost-effective service for Hakbah customers

Riyadh, Saudi Arabia: Hakbah - the KSA-based fintech savings platform - announces a new partnership with Tarabut - MENA’s leading open banking platform, and an investor in the region’s digital transformation.

The partnership has several benefits for Hakbah as it simplifies and expedites various tasks. It will enable streamlined onboarding and enhanced data processing for customers, reduce the cost of Hakbah’s service, cut data processing time by 40%, and expand the customer offering by 20%.

These significant improvements will be facilitated by Tarabut’s open banking connectivity platform and other products. Tarabut’s mechanisms will also empower Hakbah to deliver innovative and tailored solutions, addressing current and future customer needs.

Today’s announcement is consistent with Hakbah’s strategy to partner with major players, to offer the best services, at an affordable cost.

Naif AbuSaida, The Founder of Hakbah, commented:

“This partnership is a combination of industry leaders. We are delighted to collaborate with a stellar platform such as Tarabut, as we further digitise traditional savings habits. Hakbah prides itself on the robust AI-powered technology base underpinning its savings engine and will always look to align