Tarabut Opens Regional HQ in Riyadh to Strengthen Saudi Open Banking
Tarabut Opens Regional HQ in Riyadh to Strengthen Saudi Open Banking

Tarabut Opens Regional HQ in Riyadh to Strengthen Saudi Open Banking

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Tarabut, a leading regulated financial technology platform in the Middle East and North Africa region, has officially opened its regional headquarters in Riyadh, Saudi Arabia. This new base will focus on Saudi-specific product development and client engagement, reinforcing Tarabut's role as a key infrastructure provider for open banking in the Kingdom. The inauguration was attended by senior representatives from major Saudi banks such as SNB, SAB, Alinma, Bank Aljazira, and GIB, highlighting Tarabut's close collaboration within the country's fintech ecosystem. With full connectivity to all major Saudi banks, Tarabut aims to accelerate open banking adoption and embedded finance solutions, addressing challenges related to financing, credit decisioning, and customer experience, in alignment with Saudi Arabia's Vision 2030 goals. The Riyadh headquarters will also serve as a hub for collaboration among regulators, banks, and fintechs, reflecting Tarabut's long-term commitment to supporting the Kingdom's fintech transformation. CEO Abdulla Almoayed emphasized the company's pledge to grow alongside its partners and the Saudi Central Bank, recognizing the significant role of Saudi talent in this journey.

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