Lending-3-min
CHALLENGE

Lengthy and inaccurate assessments

Traditional lending processes face limitations in accessing comprehensive and real-time borrower data, resulting in challenges to assess creditworthiness and make informed lending decisions accurately. Moreover, the manual and fragmented nature of borrower information collection and verification leads to inefficiencies and delays in the lending process.
SOLUTION

Better data, better decisions

Gain valuable insights into borrowers' financial profiles by accessing their bank account data, including transaction, income, and other relevant financial data. This real-time data empowers you to make accurate lending decisions efficiently. Streamlining processes and removing manual steps can provide customers with a smoother experience, leading to higher conversion rates.

Name=Flooss
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The customer lending experience and journey must be reimagined as customers expect more from their financial service providers. Working with the team at Tarabut Gateway, FLOOSS has been able to implement a customer-first solution that improves lending processing times to a few seconds and more seamlessly than any other lenders, anytime and anywhere.

Fawaz Ghazal
CEO - Flooss
Name=Qarar
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This partnership marks a significant milestone for Qarar in our mission to empower financial institutions with advanced decision technology.  With Tarabut, we will further enhance the use of open banking data to inform and automate credit decisions that will help financial institutions better serve their customers and contribute to the growth of the region’s economy.

Zaid Kamhawi
CEO - Qarar
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Reduce Risk

Get access to comprehensive borrower data for accurate risk assessment, improving lending decisions and reducing default risks.
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Accelerate Approvals

Eliminate manual documentation by directly accessing bank account data, simplifying the application process and speeding up loan approvals.
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Personalise Offers

Customise loan terms based on real-time borrower data, ensuring personalised and competitive loan offers so no money is left on the table.

Products you’ll need

Connect

Real-time access to an array of financial data via Open Banking APIs.
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Income Verification

Verify your users’ income with secure, real-time data
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Events and Resources

Business growth , Lending , Saudi Arabia , Data
American Express Saudi Arabia and Tarabut Pioneer First-of-its-Kind Open Banking Experience to Expand Credit Access
Riyadh, Kingdom of Saudi Arabia – 23 April, 2025:American Express Saudi Arabia has introduced a ground-breaking, open banking-powered ...
Open finance , Banks , Data
From Open Finance to Smart Finance: Why Real-Time Decisioning is the Future
Finance isn’t just evolving, it’s learning.
Saudi Arabia , Banks , Bahrain , POS Financing
Unlocking Opportunities with POS Financing: The Future of Invisible Lending in the GCC
Digitisation is perpetually transforming industries, redefining how we shop, travel and consume entertainment. Yet, applying for a loan still feels ...
See all
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