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Tarabut Gateway & Visa Aim To Redefine Open Banking In MENA

The partnership will merge the capabilities of both companies as they plan innovative new solutions for the MENA region.



tarabut gateway and visa aim to redefine open banking in mena

Tarabut Gateway, the MENA region’s leading Open Banking platform, has announced a new strategic partnership with global payment leader Visa.

The companies will use their extensive Open Banking experience to collaborate on new products and solutions, such as credit risk assessments and lending, cross-border payments, and advanced analytical tools.

Tarabut Gateway currently offers various API-based solutions enabling banks, merchants, and fintech startups to build financial apps. Meanwhile, the company’s extensive Open Banking infrastructure continues to expand across Saudi Arabia, the UAE, and Bahrain.

tarabut gateway partnership with visa

The new partnership with Visa aims to enhance customer experiences and foster innovation across the region. It comes after Tarabut Gateway’s recent 32 million USD investment drive, in which Visa was a key participant.

Visa’s investment in Tarabut Gateway follows its recent acquisition of leading Open Banking platform Tink and represents part of a broader MENA strategy.

Abdulla Almoayed, Founder and CEO of Tarabut Gateway, explained his excitement about the collaboration:

“Our existing close relationship, through Visa’s investment in Tarabut Gateway, has paved the way for this collaboration. The progress of open banking in the Middle East in recent years has been remarkable [and] together with Visa, we will leverage our data infrastructure to bring new and improved products to customers”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Meanwhile, Otto Williams, Senior Vice-President and Head of Product, Partnerships, and Digital Solutions for Visa Central and Eastern Europe, Middle East, and Africa, noted:

“The future of financial services is being shaped by next-gen digital innovation, with Open Banking and data sharing serving as a significant driver to help consumers better manage and access their finances. Our shared commitment to next-generation solutions will enable us to transform the financial landscape and offer cutting-edge services to our customers”.


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Adobe Teases New AI Editing Tools And Updates In Premiere Pro

The video editing app will be enhanced with a generative extend tool, text-to-video, improved timeline waveforms, and more.



adobe teases new ai editing tools and updates in premiere pro

After launching the generative AI model Firefly last year, Adobe is now showcasing how the technology will be used in upcoming versions of the editing app Premiere Pro. In an early sneak peek, the company demonstrated several new features, including Object Addition and Removal, Generative Extend, and Text to Video.

The first new feature, Generative Extend, targets a common video editing problem by using AI to “Seamlessly add frames to make clips longer, so it’s easier to perfectly time edits and add smooth transitions”.

Meanwhile, Premiere Pro’s Object Addition & Removal tool will leverage Firefly’s generative AI to “Simply select and track objects, then replace them. Remove unwanted items, change an actor’s wardrobe or quickly add set dressings such as a painting or photorealistic flowers on a desk,” Adobe states.

Adobe also showcased another new feature that can automatically generate new film clips using a text prompt. To use the content creation tool, editors can “Simply type text into a prompt or upload reference images. These clips can be used to ideate and create storyboards, or to create B-roll for augmenting live action footage,” Adobe explained. The company seems to be commercializing this particular feature extremely quickly, considering generative AI video only appeared a few months ago.

Also Read: UGREEN Unveils Nexode RG 65W Charger For Middle East

The new additions to Premiere Pro will be added later this year, but Adobe is also introducing smaller improvements to the editing app in May. The changes include interactive fade handles to enable easier transitions, an Essential Sound badge that uses AI to “automatically tag audio clips as dialogue, music, sound effects or ambience, and add a new icon so editors get one-click, instant access to the right controls for the job”, along with effect badges and a new look for waveforms in the timeline.

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