Tamara Leverages Open Banking to Expand Credit Access, Boost Approval Rates

Tamara has significantly increased credit approvals by partnering with Lean Technologies, using open banking data to better assess borrowers who fall outside traditional credit scoring systems.

According to a recent case study, the collaboration enables Tamara to access real-time financial data, including income and cash flow, providing deeper insight into customer affordability and risk profiles. This approach has led to a 32% increase in overall credit approvals, alongside a 60% rise in eligibility among non-salaried customers.

Reaching Underserved Segments

The partnership is particularly impactful for individuals who are often excluded from conventional lending models, such as freelancers, gig economy workers, and those without formal credit histories. By moving beyond static credit scores, Tamara is able to evaluate financial behavior more accurately and extend services to a broader customer base.

Reflecting a Broader Industry Shift

The results highlight a growing trend across the financial services sector, where open banking and alternative data sources are reshaping credit assessment. As digital financial ecosystems evolve, lenders are increasingly adopting data-driven approaches to improve inclusion and decision-making.

Lean Technologies, which facilitates secure data connectivity across financial institutions, operates under regulatory oversight in the region. The company is authorized by the Abu Dhabi Global Market’s Financial Services Regulatory Authority and is participating in the Saudi Central Bank’s regulatory sandbox to test its solutions.

Strengthening Financial Inclusion

The partnership underscores how fintech innovation is helping bridge gaps in access to credit, particularly in emerging markets. By leveraging open banking infrastructure, Tamara is positioning itself to scale lending while maintaining more accurate risk controls.