MENA Area’s Largest Open Banking Platform Tarabut Gateway to Conduct A number of Interactive Workshops for Native Fintech Corporations and Banks

Tarabut Gateway, MENA area’s largest Open Banking platform, will likely be conducting a sequence of six completely different Open Banking Interactive Workshops, which have been designed to assist particular person shoppers, banks and Fintech corporations study extra in regards to the new coverage. 

The primary workshop will likely be carried out this month and is named “Open Banking for Inexperienced persons.” It’s open to most of the people and will likely be held at Tarabut’s headquarters, that are based mostly within the Monetary Harbor in Bahrain.

The Tarabut Gateway-led venture is a nationwide initiative with the intention of enabling monetary inclusion within the Center Jap kingdom. The venture entails a step-by-step method, which goals to create easier, extra accessible, and clear content material, and dissemination of data, to be able to assist banks and Fintech corporations establish useful alternatives. The venture’s workforce will likely be managing a database of consumers who could also be all for monetary schooling.

The workshops will likely be held till the top of August 2020, and can give attention to selling open banking consciousness amongst people. Workshop contributors will likely be inspired to speak about their each day spending and monetary administration methods, share key insights with banking establishments and Fintechs corporations, and can talk about potential alternatives for collaborations between completely different monetary service suppliers.

Tarabut Gateway is notably MENA’s solely Open Banking platform that gives entry to a worldwide community of banks and Fintech corporations. It’s reportedly the primary licensed Account Data Service Supplier (AISP) and Cost Initiation Service Supplier (PISP) within the kingdom of Bahrain.

Tarabut Gateway helped set up the primary main partnership between an open banking Fintech agency and a longtime financial institution within the MENA space. Tarabut Gateway teamed up with one in every of Bahrain’s largest monetary establishments, the Nationwide Financial institution of Bahrain (NBB) to combine  modern applied sciences that enable it to supply new Open Banking Companies.

Abdulla Almoayed, CEO and founder at Tarabut Gateway, remarked:

“We need to demystify the idea of Open Banking and make it relatable to the customers. Banks ought to form merchandise round individuals, quite than anticipate shoppers to form themselves round their merchandise. Shoppers desire a seamless expertise that permits them to grasp their monetary info in a greater means.” 

Almoayed added:

“That is about creating the way forward for finance and cash administration and together with clients helps us perceive their wants while getting them excited in regards to the energy of what open banking can obtain.”