BBK signs MoU with Tarabut to enhance Open Banking collaboration

16 Oct 2025

BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has announced the signing of a Strategic MoU with Tarabut, the region’s leading open banking platform and regulated financial technology company. The agreement was signed during BBK’s participation in the third edition of FinTech Forward (FF25) held at the Exhibition World Bahrain from 8 to 9 October 2025.

This collaboration marks a new chapter in advancing open banking towards a more personalized, seamless, and intuitive financial experience. Through this partnership, BBK aspires to develop smarter and more interconnected services that strengthen customer relationships, foster innovation, and align with the Kingdom’s vision of a dynamic and forward-looking digital economy.

Commenting on the partnership, Mr. Ahmed Taqi, General Manager of Retail Banking at BBK, stated: “This strategic partnership establishes a new framework for deeper collaboration in supporting digital financial infrastructure and strengthening the competitiveness of Bahrain’s banking sector amid rapid technological progress. It will enable us to provide customers with more integrated digital solutions that enhance convenience, accessibility, and control over their financial activities, in line with the Kingdom’s vision of building a sustainable digital economy driven by innovation.”

Mr. Abdulla Almoayed, Founder and CEO of Tarabut, commented: “We are proud to partner with BBK, one of the region’s most forward-looking and trusted banks. This collaboration marks an important milestone in accelerating open banking adoption in Bahrain and across the region. Together, we aim to develop innovative solutions that enhance customer experiences, expand financial access, and redefine how individuals and businesses engage with the financial ecosystem. It also affirms our shared commitment to advancing digital transformation and building a banking environment that is truly innovative, inclusive, and future-ready.”