Seen Tarbi for FinTech

About Seen Tarbi for FinTech

Seen Tarbi provides open banking solutions that enable secure data sharing and enhanced financial transactions. Operating within Saudi Arabia's regulatory sandbox, the company facilitates innovative services for businesses and consumers in the KSA open banking ecosystem. Their platform aims to improve financial data management and streamline transactions.

```xml <problem> Many businesses and consumers in Saudi Arabia face challenges in managing their finances due to fragmented financial data and inefficient transaction processes. Traditional financial systems often lack seamless data sharing and integration, hindering innovation and creating friction in financial operations. </problem> <solution> Seen Tarbi provides open banking solutions that facilitate secure data sharing and streamlined financial transactions within the Saudi Arabian financial ecosystem. Their platform, operating under the Saudi Central Bank's regulatory sandbox, enables businesses, PSPs, and banks to access aggregated account and transaction data through a unified API. This allows for the development of innovative services such as instant account-to-account payments, improved credit risk assessments, and personalized financial management tools. By connecting to banking systems through an open API, Seen Tarbi aims to lower costs, increase transaction success rates, and enhance security for various financial use cases. </solution> <features> - X^2 Data API for seamless aggregation of bank account and transaction data from Saudi banks - X^2 Payments API for initiating instant account-to-account payments directly from apps and websites - Open API compliant with international standards for easy integration with banking systems - Secure customer authentication through banking apps for reduced fraud and higher conversion rates - Real-time transactional data access for identifying income and spending patterns - Support for use cases such as e-commerce payments, high-value payments, and recurring bill payments - Solutions tailored for Payment Service Providers (PSPs), banks, and merchants - Riyalak application for personal finance management and expense tracking </features> <target_audience> Seen Tarbi's primary customers include merchants, banks, Payment Service Providers (PSPs), and consumers in Saudi Arabia seeking to leverage open banking for improved financial services and data management. </target_audience> ```

What does Seen Tarbi for FinTech do?

Seen Tarbi provides open banking solutions that enable secure data sharing and enhanced financial transactions. Operating within Saudi Arabia's regulatory sandbox, the company facilitates innovative services for businesses and consumers in the KSA open banking ecosystem. Their platform aims to improve financial data management and streamline transactions.

Where is Seen Tarbi for FinTech located?

Seen Tarbi for FinTech is based in Jeddah, Saudi Arabia.

When was Seen Tarbi for FinTech founded?

Seen Tarbi for FinTech was founded in 2022.

Location
Jeddah, Saudi Arabia
Founded
2022
Employees
15 employees

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Seen Tarbi for FinTech

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Executive Summary

Seen Tarbi provides open banking solutions that enable secure data sharing and enhanced financial transactions. Operating within Saudi Arabia's regulatory sandbox, the company facilitates innovative services for businesses and consumers in the KSA open banking ecosystem. Their platform aims to improve financial data management and streamline transactions.

seentarbi.sa5K+
Founded 2022Jeddah, Saudi Arabia

Funding

No funding information available.

Team (15+)

No team information available.

Company Description

Problem

Many businesses and consumers in Saudi Arabia face challenges in managing their finances due to fragmented financial data and inefficient transaction processes. Traditional financial systems often lack seamless data sharing and integration, hindering innovation and creating friction in financial operations.

Solution

Seen Tarbi provides open banking solutions that facilitate secure data sharing and streamlined financial transactions within the Saudi Arabian financial ecosystem. Their platform, operating under the Saudi Central Bank's regulatory sandbox, enables businesses, PSPs, and banks to access aggregated account and transaction data through a unified API. This allows for the development of innovative services such as instant account-to-account payments, improved credit risk assessments, and personalized financial management tools. By connecting to banking systems through an open API, Seen Tarbi aims to lower costs, increase transaction success rates, and enhance security for various financial use cases.

Features

X^2 Data API for seamless aggregation of bank account and transaction data from Saudi banks

X^2 Payments API for initiating instant account-to-account payments directly from apps and websites

Open API compliant with international standards for easy integration with banking systems

Secure customer authentication through banking apps for reduced fraud and higher conversion rates

Real-time transactional data access for identifying income and spending patterns

Support for use cases such as e-commerce payments, high-value payments, and recurring bill payments

Solutions tailored for Payment Service Providers (PSPs), banks, and merchants

Riyalak application for personal finance management and expense tracking

Target Audience

Seen Tarbi's primary customers include merchants, banks, Payment Service Providers (PSPs), and consumers in Saudi Arabia seeking to leverage open banking for improved financial services and data management.

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