Tarabut Gateway partners with KSA’s micro-lender Tamam

Tarabut Gateway partners with KSA’s micro-lender Tamam

Tarabut Gateway, a regulated open banking platform in MENA, has partnered with Tamam to make micro-loans more widely and easily accessible, resulting in more favourable loan arrangements for both fintechs and customers. It is also advancing KSA’s fintech ecosystem. Announced at LEAP 2023, under this latest fintech partnership, Tarabut Gateway will provide Tamam with Account Information Services (AIS) through its TG Connect product which will give access to real-time financial data with user consent.

Tamam is a Shariah-compliant micro-lending service provider based in Saudi Arabia and a subsidiary of Zain. 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.

Tarabut Gateway’s role in spearheading open banking-led collaboration across infrastructure and micro-lending players is in line with the Open Banking Program initiated by SAMA to bolster the Kingdom’s Vision 2030. It follows SAMA’s recent award of Regulatory Sandbox Approval to Tarabut Gateway to test open banking products and services in KSA.