Fintech Galaxy and ProgressSoft have partnered to promote Open Banking adoption and ensure regulatory compliance across the MENA region. The collaboration enhances financial institutions’ ability to simplify compliance, boost digital transactions, and integrate Open Banking into existing financial systems, driving innovation and scalability in the sector.
LuLu Exchange has partnered with Fintech Galaxy to improve cross-border payments in Bahrain by leveraging open banking solutions. This collaboration aims to enhance transaction speed, security, and convenience, aligning with Bahrain’s financial inclusion goals. The partnership positions LuLu Exchange as the first licensed company to integrate open banking for payments.
Tarabut, the MENA region’s largest open banking platform, has acquired UK-based Vyne, enhancing its real-time payment capabilities. This acquisition enables Tarabut to expand its reach and offer seamless, account-to-account payments across the region, starting in Bahrain and soon in Saudi Arabia and the UAE.
