Tarabut, a leading fintech firm in MENA, has received in-principle approval from the Central Bank of the UAE (CBUAE). This approval comes as part of the UAE’s new Open Finance regulation. With this milestone, Tarabut advances its embedded finance leadership and deepens its role in driving financial inclusion across the Gulf.

Importantly, Tarabut now becomes the first fintech licensed under Open Finance rules in the UAE, Saudi Arabia, and Bahrain. This achievement positions the company as a regional infrastructure enabler for embedded finance and open banking.

Through its platform, Tarabut helps financial institutions, insurers, and digital services use permissioned financial data. These services support real-time credit scoring, income checks, and custom financial products. With embedded finance at its core, Tarabut allows partners to offer smarter financial experiences directly within their own platforms.

“This marks a major move for financial inclusion across the UAE and the Gulf,” said Abdulla Almoayed, Founder and CEO of Tarabut. “We’re honored to work alongside the Central Bank of the UAE to realize the national vision for Open Finance. Our platform supports data-powered products such as embedded SME financing and inclusive credit access.”

Supporting Financial Growth in the Region

Tarabut’s embedded finance solutions already power a range of impactful tools:

  • Credit cards for customers with limited credit history
  • Revenue-based funding for small businesses
  • Pre-check processes that lower underwriting costs
  • AI-backed financial insights for personalized journeys

Each use case aligns with national goals to reduce lending barriers and promote entrepreneurship. The company’s tech is designed to make financial services more inclusive and scalable across the region.

With real-time integrations to major banks in Bahrain and Saudi Arabia, and now official UAE regulatory approval, Tarabut is set to expand its embedded finance network. Its infrastructure is built for impact scalable, secure, and inclusive by design.

Want to stay ahead of the curve in personal finance? Dive into more expert-driven insights at Finance Tech News.

News Source: Businesswire.com