Tarabut has announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses. This strategic acquisition has been approved by both the Saudi Central Bank (SAMA) and the UK's Financial Conduct Authority (FCA), positioning Tarabut to lead as new regulations for Payment Initiation Services in Saudi Arabia and Open Finance in the UAE come into effect.
Company Information
Company
Tarabut
Location
Dubai, Dubai, United Arab Emirates
About
Tarabut is the MENA region’s leading, regulated financial technology platform, connecting the financial ecosystem to power seamless, smart and inclusive finance. Since 2017, Tarabut has built the region’s leading financial data infrastructure and partnered with top banks to unlock new revenue streams and expand financial access. By externalising financial data through open banking, enhancing it with advanced analytics and data intelligence, and embedding financing directly into digital customer journeys, Tarabut helps banks, financial institutions, businesses and individuals unlock new opportunities and bridge the financing gap that holds back economic growth and financial inclusion across the region.