Announcement

Vyne acquired by Tarabut: FAQs

We’re thrilled to announce that Vyne has been acquired by Tarabut. This acquisition will enable us to continue to grow Vyne in the UK and Ireland, while enabling payment products through Tarabut in the MENA region.

3 months ago • 1 min read

1. Who are Tarabut?

Tarabut is a leading, Dubai based, fintech company that specialises in Open Banking solutions enabling banks, fintechs and businesses to access millions of financial accounts, unlock data-driven insights and make instant account-to-account payments with a single, secure, open banking API. Tarabut is on a mission to make financial services better, faster, accessible and more affordable for everyone.

2. Has Tarabut acquired Vyne?

Yes, Tarabut has acquired Vyne.

3. What impact will this acquisition have on my business, as a Vyne customer?

There will be no impact on your business operations. We will continue to provide the same fast, secure, and cost-effective open banking powered payments.

4. I’m a Vyne partner. What does this mean for my clients?

Your partnership with Vyne remains the same. We’re fully committed to helping your clients enhance their payment processes with faster, fairer Open Banking payments.

5. Will there be any changes to contracts?

No, there will be no changes to existing contracts due to the acquisition. Vyne will continue to operate under Vyne Technologies Ltd which is authorised and regulated by the Financial Conduct Authority (FCA) as an Authorised Payment Institution with reference number 925649.

6. Will there be any changes to checkouts or integrations?

No, there will be no changes to current checkouts or integrations. All existing integrations and checkouts will continue to function as they do today, with no development changes resulting from the acquisition.

7. Can I still add Vyne to my checkout?

Yes, you can! We are actively maintaining and enhancing our UK product and continue to onboard new clients.

8. I’m interested in adding Open Banking powered payments to my business operations in MENA, can you help? 

We can. If your business operates in the MENA region, please reach out to the Tarabut team who will be able to walk you through the product.