Tarabut Gateway to increase reliable, fast and accessible lending
Tarabut Gateway, MENA’s leading open banking platform, announces a strategic partnership with Qarar, the region’s leading provider of credit analysis technology and the technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia.
This strategic partnership is set to revolutionize the financial landscape and pave the way for faster and more reliable lending – leveraging Tarabut Gateway’s open banking solutions and Qarar’s expertise in credit scoring and decision automation.
Through this collaboration, financial institutions can offer tailored lending products – meeting the needs of MENA’s population. By meeting challenges that individuals and businesses face with access to credit and up-to-date financial information, the collaboration will enable faster and more accurate credit decisions.
The partnership will also drive financial inclusion, contribute to the region’s economic growth and development – and highlight both companies’ dedication to innovation and their commitment to creating a more accessible, efficient and inclusive financial ecosystem in the Middle East.
Qarar is a leading advanced analytics and decision automation company in the Middle East, with a focus on providing credit scoring, risk advisory and decision solutions. With its expertise in predictive modeling and advanced technology, Qarar empowers financial institutions to make informed lending decisions, manage risk effectively and accelerate business growth.
Abdulla Almoayed, Founder and CEO of Tarabut Gateway, said: “We are thrilled to partner with Qarar, a leader in credit analytics and decision technology. Together, we will leverage our expertise, technology and the power of open banking to help financial institutions provide personalized lending solutions and drive financial inclusion in the MENA region.”
Zaid Kamhawi, CEO of Qarar, commented: “This partnership with Tarabut Gateway marks a significant milestone for Qarar in our mission to empower financial institutions with advanced decision technology. We are excited to partner with Tarabut Gateway and further enhance the use of open banking data to inform and automate credit decisions that will help financial institutions better to serve their customers and contribute to the growth of the region’s economy.”
Tarabut Gateway offers platform-agnostic solutions for banks and fintechs to build apps, and its user-friendly APIs enable various services such as lending, personal finance and payments. The company is building an open banking infrastructure across Saudi Arabia, the UAE and Bahrain, with plans for further MENA expansion.
