NBB: First Bank in MENA to Provide Open Banking Services

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NBB: First Bank in MENA to Provide Open Banking Services

  • Enable customers to access new digital services and aggregate all their accounts from different banks
  • Open banking enables account holders to share their account information and payment history externally with other banks and with licensed third parties
  • NBB’s new systems are provided by Tarabut Gateway, a new specialist fintech and open banking infrastructure provider
  • Tarabut Gateway’s technologies will enable NBB’s customers to connect their account to any bank in Bahrain
  • By offering a common platform to all banks in Bahrain, Tarabut Gateway enables banks to comply with open banking regulation, deliver payment
  • Banks in other markets, like the UK, have taken years to reach this point. NBB has achieved it in less than six months