Tarabut, an open banking platform, has acquired Servable.dev, an AI engineering company in Bahrain. The acquisition will integrate AI into Tarabut’s platform for real-time decision-making tools, income verification, credit risk assessment, fraud detection, compliance automation, and custom financial products, all while adhering to governance and data protection rules.

Servable’s AI engineering platform includes features like a “Data Agent” for privacy-focused data creation, an “AI Lab” for model training, and an “AI Gateway” for model deployment in live environments. This technology helps financial institutions implement auditable and explainable AI systems at scale, including financial reporting automation and customer engagement tools.

The deal aligns with Tarabut’s strategy of combining open finance services, instant payments, and AI capabilities under a single regulatory framework. As Tarabut expands into markets like Saudi Arabia and the UAE, CEO Abdulla Almoayed aims to strengthen the platform with AI engineering, governance, and decisioning for simpler, faster, and more secure access to finance at scale.

Read more at Yahoo Finance: Tarabut acquires Servable to add financial AI capabilities