The open banking platform for MENA, Tarabut, and Hakbah, a fintech savings platform based in Saudi Arabia, have announced a new partnership. Tarabut is also an investor in the digital transformation of the region.
Hakbah gains from the partnership in a number of ways since it “simplifies and expedites various tasks.” It will lower the cost of Hakbah’s service, save data processing time by 40%, increase the customer offering by 20%, and enable streamlined “onboarding and enhanced data processing for customers.””
Tarabut’s other products and open banking connectivity platform will make these major improvements possible. Hakbah will be able “to deliver innovative and tailored solutions, addressing current and future customer needs” thanks to Tarabut’s mechanisms.