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Tarabut, a regulated open banking platform, has acquired Servable.dev, a Bahrain-based AI engineering company focused on serving regulated sectors.
The acquisition is intended to support Tarabut’s development from offering open banking infrastructure to becoming an AI-integrated financial services platform.
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The company said that banks and fintech firms using Tarabut’s platform will be able to make use of real-time decision-making tools, drawing on integrated AI systems.
Servable’s AI functionalities will be directly incorporated into Tarabut’s platform.
Applications are planned in various areas such as income verification, credit risk assessment, fraud detection, compliance automation, and the development of customised financial products.
The integration is designed to adhere to rules for governance, data protection, and operational oversight.
Servable CEO and founder Mohamed Alderazi said: “Servable was built to help regulated institutions move from AI experimentation to real-world outcomes, without compromising on security or governance. Joining Tarabut allows our technology—from synthetic data to LLM-based agents—to be deeply integrated into platforms that already power banks and fintechs across the region.”
Servable.dev offers an AI engineering platform developed for industries with strict regulatory requirements.
Its main features include a “Data Agent” for privacy-focused data set creation, an “AI Lab” for model training and evaluation using both traditional and large language models, and an “AI Gateway” for deploying and monitoring models in live environments.
The technology is intended to help financial institutions implement auditable and explainable AI systems at scale.
Existing uses of Servable’s platform include financial reporting automation and customer engagement tools.
Tarabut stated that adding Servable’s technology aligns with its strategy of combining open finance services, instant payments, and AI capabilities under a single regulatory framework.
The deal comes as Tarabut continues expanding into markets including Saudi Arabia and the UAE.
Tarabut CEO and founder Abdulla Almoayed said: “Tarabut was founded in Bahrain, and our ambition has always been to build world-class financial infrastructure from the region, for the region. Bringing Servable into the group allows us to embed AI engineering, governance, and decisioning directly into our platform—strengthening our ability to help banks deliver simpler, faster, and more secure access to finance at scale.”
Last year, Tarabut opened its regional headquarters in Riyadh.
