Tarabut, the Bahrain-based leader in regulated open banking infrastructure, has announced the acquisition of Servable.dev, a firm specializing in artificial intelligence engineering for regulated sectors. The acquisition marks a strategic evolution for Tarabut, moving from a pure open banking infrastructure provider to a sophisticated financial services platform powered by AI.
Direct Integration Of AI Decisioning Tools
Following the acquisition, Servable’s core functionalities will be directly integrated into the Tarabut platform. This integration will empower banks and fintech companies operating within the Tarabut ecosystem to leverage real-time decision-making tools driven by advanced AI systems. By combining open banking data with AI, Tarabut aims to offer its clients more precise and immediate financial insights.
Enhancing Credit Assessment And Fraud Detection
The new AI capabilities will be deployed across several critical financial domains. These include automated income verification, advanced credit risk assessment, and real-time fraud detection. Furthermore, the technology will streamline compliance automation and enable the development of highly personalized financial products. Tarabut has confirmed that the integration process will strictly adhere to regional regulatory requirements regarding data governance, privacy, and operational oversight.
Leveraging Servable’s Regulated AI Architecture
Servable provides an AI engineering platform specifically designed for sectors with stringent regulatory demands. Its core features include a privacy-focused dataset preparation tool, a dedicated laboratory for model training and evaluation, and a portal for monitoring live model deployments. This technology is engineered to help financial institutions implement AI systems that are both auditable and capable of explaining their decisions at scale, addressing a key challenge in fintech transparency.
Scaling Operations Across Saudi Arabia And The UAE
This acquisition comes during a period of aggressive regional expansion for Tarabut. The firm continues to strengthen its footprint in Saudi Arabia and the United Arab Emirates, following the establishment of its regional headquarters in Riyadh last year. By incorporating Servable’s expertise, Tarabut positions itself at the forefront of the Middle East’s transition toward data-driven and AI-integrated financial ecosystems.
About Tarabut
Tarabut is the Middle East’s leading open banking platform, providing the connectivity and infrastructure necessary for banks and fintechs to build the next generation of financial services. By facilitating secure data sharing and payment initiation, Tarabut enables a more transparent and efficient financial landscape across Bahrain, Saudi Arabia, and the wider MENA region.
Source: Jawlah
