Dubai, UAE – 5 August 2025: Tarabut, MENA’s leading open banking and embedded finance platform, has received in-principle approval from the Central Bank of the United Arab Emirates (CBUAE). This follows the introduction of the UAE’s Open Finance regulation, positioning Tarabut as a frontrunner in the region’s financial technology sector.

This milestone marks Tarabut’s third national regulatory license, after similar approvals in Bahrain and Saudi Arabia. The company is now the first regional fintech licensed under Open Finance frameworks in all three major Gulf economies, reinforcing its role as the infrastructure layer for the future of financial services.

Enabling Inclusive, Real-Time Financial Services

Tarabut’s technology enables regulated financial institutions, lenders, insurers, and digital platforms to leverage customer-permissioned financial data for:

  • Real-time credit decisions
  • Income verification
  • Personalised financial offerings

By embedding these capabilities directly into partner platforms, Tarabut supports inclusive, intelligent, and accessible financial services at scale.

“This is a pivotal step forward for financial inclusion in the UAE and across the region,” said Abdulla Almoayed, Founder and CEO of Tarabut. “We’re proud to partner with the Central Bank of the UAE to help realise the national vision for Open Finance. Our infrastructure delivers real-time, data-driven products – from credit cards for the underserved to embedded SME financing – driving economic value where it’s needed most.”

Proven Impact Across the Region

Tarabut has powered transformative use cases including:

  • Credit cards for thin-file customers
  • Revenue-based financing for SMEs
  • Pre-check tools that reduce underwriting costs
  • AI-driven financial insights that personalise user journeys

These solutions align with national economic goals by supporting entrepreneurship, reducing credit barriers, and improving financial health for individuals and businesses.

Scaling Open Finance Across the Middle East

With real-time connectivity to all major banks in Saudi Arabia and Bahrain — and now regulatory clearance in the UAE — Tarabut is uniquely positioned to scale embedded finance and open banking across the Middle East, delivering infrastructure that is inclusive by design and built for impact.