This year is set to be a watershed year for open banking in the Middle East with the launch of open banking services in Saudi Arabia, hot on the heels of neighbouring Bahrain. Other jurisdictions are also set to issue open banking regulatory frameworks in the coming months.
Tarabut Gateway is one of the region’s most prominent open banking platforms. The company, based in Bahrain and the UAE, announced partnerships with four Saudi lenders in May and was selected as a platform partner for the Dubai International Financial Centre’s Open Finance Lab in June.
