Tarabut Gateway partners with KSA micro-lending pioneer Tamam

Tarabut Gateway partners with KSA micro-lending pioneer Tamam

- Tarabut Gateway's infrastructure powers Tamam by accelerating financing, and reducing risk

Riyadh: Tarabut Gateway, MENA’s leading regulated open banking platform, announces a new partnership with Tamam at LEAP Riyadh 2023. Tamam is a Shariah-compliant micro-lending service provider based in Saudi Arabia and a subsidiary of Zain, a leading telecommunications company in the MENA region.

As part of this latest fintech partnership, Tarabut Gateway will provide Tamam with Account Information Services (AIS) through its TG Connect product. TG Connect gives Tamam access to real-time financial data with user consent.

Tarabut Gateway's open banking platform serves as the infrastructure that enables banks and fintechs to connect and collaborate. Its product enhances the ability of micro-lending fintechs such as Tamam to better serve their end-users, by addressing the limited access to third-party banking data and ultimately improving customers' financial well-being.

TG Connect offers a broad range of banking data which Tamam can leverage to expand its offerings for end users. Additionally, through Tarabut Gateway’s Income Verification product, Tamam benefits from a more efficient and streamlined process for verifying the incomes of loan applicants. This, in turn, allows Tamam to reach a larger audience with a need for micro-loans.

This partnership will make micro-loans more widely and easily