Open Banking came into force in June 2019, furthering Bahrain’s leadership role in the Fintech sector. Bahrain is the first country in the Middle East to adopt Open Banking, replicating the efforts of global finance hubs such as the UK. Bahrain’s system debuted with the adoption by the National Bank of Bahrain (NBB) of the Fintech Tarabut Gateway’s Open Banking infrastructure. Tarabut Gateway is a trailblazer and was the first company to graduate from the CBB’s Regulatory Sandbox.
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Content Last Updated: 22 Aug, 2023