Spare and Boubyan Bank Partner to Advance Open Banking in Kuwait

We are proud to announce that Spare has entered into a strategic partnership with Boubyan Bank, marking a new chapter in Kuwait’s journey toward Open Banking and digital financial innovation.

Boubyan Bank has been a supporter of Spare since day one, sponsoring our early participation in the Central Bank of Kuwait’s Open Banking regulatory sandbox. That early belief in innovation laid the foundation for today’s collaboration, one that comes at a pivotal moment following the Central Bank of Kuwait’s draft Open Banking framework.

At Spare, our mission is to empower businesses through Open Banking and to drive financial inclusion by developing products that help institutions and customers make smarter, data-driven financial decisions. Partnering with Boubyan Bank, a recognized leader in digital transformation, reflects our shared vision to build a secure, localized fintech infrastructure that will accelerate Open Banking adoption across Kuwait.

Boubyan Bank has long been known for its commitment to innovation and diversification, continuously investing in technologies that are shaping the future of finance. Their continued belief in Spare, now strengthened through both Boubyan Capital’s strategic investment and Boubyan Bank’s collaboration, underscores their dedication to nurturing local innovation and empowering the next generation of fintech leaders.

Spare continues to develop the infrastructure and integrations required to enable financial institutions, fintechs, and businesses to collaborate seamlessly and securely within Kuwait’s evolving regulatory landscape.