Tarabut is MENA’s first regulated Open Banking platform
This banking platform is reimagining online banking in the MENA region through the ecosystem of connections. They enable banks and other fintechs to connect with third-party providers to share information in the most secure way. Tarabut app has over 200K downloads.
Challenges
- Limited budget for the whole solution: $ 500K
- Shortage of inhouse Open Banking implementation expertise
- Build first open banking engine & app in MENA region, which is compliant with newly issued Legislation
- Integrate all 24 commercial banks in Bahrain into the solution
Solution
Tarabut is MENA’s first regulated Open Banking platform. It includes Web & Mobile solution B2B2C.
Personal Financial Manager system for the GCC region. The system provides users with the ability to access and manage bank accounts from all open-banking integrated commercial banks as well as make payments and transfers through the Open Banking platform 24/7 using a mobile application.
our input
RESULTS
We're proud of reaching new heights with our customers, helping them achieve advanced levels of scalability and stability.
From £ 0 to £ 25M product evaluation based on solid development.
Users of NBB banking app that was based on our white label solution. Total coverage ~4% of country population.
8 commercial banks were connected to platform in 6 month time.
Technologies
we used
.Net & .Net Core
Kotlin
Swift
React
AWSclient testimonial
DashDevs delivered smoothly and on time with the app which continues to bring more value over time. Their profound fintech expertise and creative solutions added additional value.
We developed a tailored vision through market research. Our team collaborated closely with the client's team to tailor the solution to the tight MENA legislation for fintech. Based on the results, we continuously refined the vision to ensure the best possible market fit.
Once we had established a clear feature list, our team created wireframes that were specifically tailored to the chosen target audience. Our goal was to develop a concept that not only offered ease of use but would fit into the determined budget.
We took into consideration all the needed functionality and regulations in order to create a scalable solution. By taking into account all the benefits and drawbacks from the perspective of business, technical, compliance, and security, we suggested an adaptable solution architecture that was cost-effective and user-friendly.
Our team of 10 engineers developed a cross-platform iOS and Android app. We helped our customer secure the open banking technology, and integrate 24 banks into the solution. This was a challenge as the reliability of the application hinged on seamless compatibility with integrated services. We encountered hurdles but overall the solution ended up being non-cumbersome and highly functional.
Following the release, we proceeded to incorporate new features, modernize software, and work on hot-fixes based on feedback from clients.
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