Tarabut Gateway, MENA’s leading open banking platform, has entered into a strategic partnership with Qarar, the region’s leading credit analytics technology provider, in order to revolutionize credit scoring and lending in the Middle East.
Through this collaboration, financial institutions can offer tailored lending products, catering to the needs of MENA’s population.
According to the statement, “This strategic partnership is set to revolutionize the financial landscape and pave the way for faster and more reliable lending – by leveraging Tarabut Gateway’s open banking solutions and Qarar’s expertise in credit scoring and decision automation.”
The partnership will also drive financial inclusion, contributing to the region’s economic growth and development, highlighting both companies’ dedication to innovation and their commitment to creating a more accessible, efficient, and inclusive financial ecosystem in the Middle East.
Qarar is a leading advanced analytics and decision automation company in the Middle East, focusing on providing credit scoring, risk advisory, and decisioning solutions. Qarar is the technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia.
Mr. Abdulla Almoayed, Founder and CEO of Tarabut Gateway, said that, “We are thrilled to partner with Qarar, a leader in credit analytics and decision technology. Together, we will leverage our expertise, technology, and the power of open banking to help financial institutions offer personalized lending solutions and drive financial inclusion in the MENA region.”
Mr. Zaid Kamhawi, CEO of Qarar, commented that “this partnership with Tarabut Gateway marks a significant milestone for Qarar in our mission to empower financial institutions with advanced decision technology.”
Tarabut Gateway provides platform-agnostic solutions for banks and fintechs to build apps, and its user-friendly APIs enable various services such as lending, personal finance, and payments. The Company is building an open banking infrastructure across Saudi Arabia, the UAE, and Bahrain, with plans for further MENA expansion.
