Welcome to Tarabut's October Newsletter! This month, we've got some exciting updates from our GITEX Global 2023 participation, a new partnership with FLOOSS, exciting product enhancements, and a lot more. Read on to learn more.
Highlights
GITEX Global 2023
From October 16th to 20th, we participated in GITEX Global 2023 alongside Tamkeen. It was an excellent opportunity for the team to showcase our journey, products, and services, engaging with industry leaders and enthusiasts. This event gave us a unique platform to strengthen existing relationships and forge new connections in the region.
New Blog
In our latest blog, “Accelerating Better Decisions: The Data-Driven Approach”, we explore the challenges of traditional decision-making within financial services and how Open Banking is reshaping the landscape for the better. Discover how this innovative approach reshapes the industry, enables faster approvals, enhances accuracy, and fortifies fraud prevention measures. Read the full blog here.
Fintech Forward
Tariq Sanad, Tarabut’s CFO, recently participated as a panellist at Fintech Forward. The discussion on "Open Banking and Embedded Finance: Enabling Financial Inclusion" explored how these approaches make financial services more accessible to underserved communities. Tariq's insights highlighted our dedication to fostering inclusivity through innovative strategies and our proactive stance in shaping a more equitable financial landscape.
Product Updates
New Developer Documentation
We're thrilled to announce the launch of our revamped developer documentation!
Now powered by Readme, a user-friendly platform, our docs offer a seamless experience. With region-specific guides for KSA and BAH, detailed product documentation, and added APIs like Balance Insights, understanding Tarabut's offerings has never been easier. Plus, our integrated API explorer and updated Postman collections ensure effortless navigation and testing.
Check it out here and let us know what you think.
New Partnerships
Tarabut x FLOOSS
Earlier this month, we announced our exciting new partnership with FLOOSS, Bahrain's first instant loan service provider.
Through this partnership, we aim to optimise their application processes, allowing consumers in the region to apply and get access to credit quickly and securely, delivering seamless experiences and boosting operational efficiency.
Together, we are transforming the lending landscape by making lending more accessible, powering the first open banking use case for lending in Bahrain, and enabling individuals to access loans instantly and effortlessly. Learn more about our partnership with FLOOSS here.
In the News
Stay informed with our team's latest open banking news and thought leadership. Check out our media coverage and featured articles highlighting industry impact.
Lending in the Era of Open Banking
Optimism rises in MENA's financial sector as open banking enhances retail lending, poised for sustainable growth. It empowers underserved customers, enabling access to tailored financing for entrepreneurial ventures. Read more here.
MENA must end screen scraping to protect consumers
At Tarabut, we have championed the API-first methodology since our inception. As regulators increasingly shift away from screen scraping, we are fully prepared to lead secure innovation for our partners. For deeper insights into the importance of consumer protection, read more from our founder here.
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