Tamam Finance, the first Saudi firm to obtain a consumer microfinancing license from the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with Lean Technologies to introduce open banking services.

 

This initiative aligns with Tamam's goal of expanding its services and cementing its position as a trusted partner for customers, in line with the Financial Sector Development Programme of Saudi Vision 2030. 

 

It also underlines Tamam's commitment to enhancing the customer experience through innovative solutions that align with the latest and most reliable financial technologies.

 

Digital capabilities

Commenting, Yousef Adel Al-Musaileem CEO of Tamam Finance, stated: "Our agreement with Lean Technologies significantly strengthens our digital capabilities and enhances the quality of our financial products, resulting in an improved customer experience. This partnership enables us to reach a broader customer base in the open banking sector and further aligns with our commitment to the objectives of the Financial Sector Development Programme."

 

Hisham bin Khalid Al-Falih, Co-Founder & CEO of Lean Technologies, remarked: "In partnering with Tamam Finance, a leading financial technology entity in the kingdom, we offer our robust open banking solutions. This partnership augments Tamam's product offerings, enabling superior, data-driven decision-making and service quality. Our collaboration reflects our mutual dedication to advancing an innovative and effective financial services landscape."-- TradeArabia News Service