The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and "forward-thinking" regulators, said Abdulla Almoayed, founder and CEO at Tarabut Gateway. . Earlier this month, for example, Tarabut Gateway received its open banking certification from the Saudi Central Bank (SAMA) to launch its open banking services within the Regulatory Sandbox in the Kingdom of Saudi Arabia (KSA).