Tamam,a leading fintech company in Saudi Arabia’s microlending market, is partnering with ZainTECH, Fico, and Lean Technologies to create innovative AI-based solutions for the Saudi consumer finance sector.
This collaboration will introduce Saudi Arabia’s first AI-driven credit assessment model that uses open banking data to foster financial inclusion and aligns with the Saudi Central Bank’s regulations and Vision 2030 goal of positioning the kingdom as a fintech leader.
This partnership unites key players in fintech to explore AI applications and open banking technologies, transforming Tamam’s platform. The aim is to deliver personalised, data-driven financial solutions tailored to Saudi customers’ evolving needs. Tamam’s digital platform offers Shari’a-compliant loans, allowing Saudi nationals and residents to access financing without visiting a bank or providing a guarantor. Loans up to SR50,000 ($13,312) are processed through a simple app-based application, with funds transferred within minutes.