Tamam Finance & Lean Technologies team to enhance digital capabilities

By Delisha Fernandes

Tamam Finance, a Saudi Arabia-based Shari’a-compliant loan provider, has signed a Memorandum of Understanding (MoU) with Lean Technologies, a FinTech platform providing a universal API.

This partnership will introduce open banking services that simplify finance management, helping data-driven decision-making and improving service quality.

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 Program.”

This strategic initiative helps the company to expand its services to enhance the customer experience through innovative solutions that align with the most reliable financial technologies.

Tamam Finance aims to promote financial inclusivity as part of Saudi Vision 2030. By offering a swift, Shari’a-compliant loan process from app download to disbursement, Tamam eliminates the need for physical bank visits.

Hisham bin Khalid Al-Falih, Co-Founder & CEO of Lean Technologies, said, “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.”

Lean Technologies is a FinTech platform providing a universal API that provides critical infrastructure across the MENA region. It helps FinTech innovators to seamlessly connect to their customers’ bank accounts, initiating real-time payments and retrieving account information.