Tarabut, the largest regulated open banking platform in the Middle East and North Africa, has announced its acquisition of Servable.dev, a Bahrain-based AI engineering firm. This strategic acquisition marks a significant evolution for Tarabut, transforming its open banking infrastructure into a comprehensive, AI-native financial platform. The move is set to accelerate the delivery of intelligent financial services for banks and fintechs across the region.
A Strategic Leap into AI-Powered Finance
The acquisition represents a pivotal step in Tarabut's strategy to build the region's most advanced financial infrastructure, moving beyond data access to enable real-time, intelligent decisioning. By combining open finance connectivity, payments, and AI, the platform empowers banks and fintechs to deploy intelligence at the point of customer interaction. This shift addresses the growing demand from financial institutions for AI-driven efficiency, personalization, and robust decision-making capabilities.
Integrating Enterprise-Grade AI Capabilities
Servable.dev provides a production-ready AI engineering platform specifically designed for highly regulated environments like finance, ensuring security, governance, and compliance. Its core pillars include a Data Agent for privacy-preserving datasets, an AI Lab for secure model training, and an AI Gateway for governed deployment. This full-stack approach allows institutions to deploy auditable and regulator-ready AI systems, moving confidently from experimentation to real-world production environments.
Enhancing Financial Services Across the Region
By embedding Servable’s AI capabilities, Tarabut will significantly accelerate its product roadmap across lending, payments, and embedded finance. The integration will power advanced use cases such as automated income verification, sophisticated credit risk assessment, and enhanced fraud detection. This allows financial institutions to streamline operations while enabling the creation of highly personalized financial journeys that better meet individual customer needs.
Leadership Vision for a New Financial Era
Abdulla Almoayed, CEO of Tarabut, emphasized the goal of building world-class infrastructure for the region by embedding AI engineering and decisioning into the platform. Echoing this, Servable CEO Mohamed Alderazi highlighted his company's mission to help regulated institutions adopt AI without compromising governance. Their shared vision focuses on translating AI potential into tangible, secure, and real-world outcomes for the region's financial ecosystem.
Strengthening Regional Innovation and Expansion
This acquisition underscores Tarabut's dedication to investing in the local ecosystem while exporting homegrown Bahraini innovation throughout the Middle East. It follows Tarabut's successful expansion into key markets like Saudi Arabia and the UAE, building upon its pioneering path in open banking. The addition of Servable's expertise solidifies Tarabut's position as a leader in the region's ongoing digital finance transformation.
The acquisition of Servable.dev by Tarabut is a landmark development for the MENA financial technology landscape. It signals a strategic shift from open data access towards intelligent, AI-driven financial services, promising enhanced efficiency, security, and personalization. By integrating advanced AI capabilities into its regulated platform, Tarabut is poised to lead the next wave of financial innovation in the region.