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Tarabut

Client Background

Tarabut Gateway is an open banking pioneer aiming to give businesses unified access to millions of financial accounts. The client needed a secure, scalable platform handling payments, API integrations, multi-currency processing, fraud detection, and compliance — all in one seamless system.

⚡Challenge

Pioneering Open Banking Solutions with a Comprehensive and Secure Platform

Tarabut Gateway aimed to become a leader in the open banking ecosystem by providing businesses with access to millions of financial accounts through a secure and unified API. The project required the development of various components to ensure the platform’s success:

Payment Processing & Mobile Commerce: Implementing a system capable of handling seamless mobile transactions and payment processing.
Billing & Settlement Platform: Creating an efficient platform for managing complex billing and settlement across multiple currencies and accounts.
Acquiring Solutions & Digital Banking: Enhancing acquiring solutions and digital banking functionalities to cater to a wide array of financial needs.
Campaign & Program Management: Integrating tools for managing marketing campaigns and financial programs efficiently.
Lending & Core Banking: Supporting lending operations and integrating core banking functions into the platform.
API Integration: Developing APIs to enable smooth interactions between different financial services.
Electronic Payments & Multi-Currency Processing: Facilitating electronic payments with multi-currency support.
Fraud Management & Analytics: Implementing advanced fraud detection and analytics to safeguard transactions.
Open Banking Compliance: Ensuring the platform adheres to open banking regulations while maintaining high security standards.

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🚀 Solution

Holistic Development for a Leading Open Banking Platform

Payment Processing & Mobile Commerce

We implemented a secure and scalable payment processing system designed for the demands of open banking.

Smooth Transactions: Enabled seamless and secure mobile commerce transactions via a robust API.
Real-Time Settlements: Facilitated real-time bank-to-bank payments, ensuring a smooth experience for both businesses and consumers.

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Billing & Settlement Platform

Developed an advanced billing and settlement platform to handle financial transactions efficiently.

Multi-Currency & Multi-Purse Processing: Integrated features to support transactions across multiple currencies and accounts, catering to a global client base.
Automated Billing: Introduced automated billing solutions to streamline processes and reduce errors.

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Acquiring Solutions & Digital Banking

Enhanced digital banking capabilities and provided acquiring solutions to offer comprehensive financial services.

Core Banking Integration: Incorporated core banking functionalities to provide a unified platform for various financial services.
Lending & Program Management: Supported lending operations and program management, offering tools for financial institutions to manage their services effectively.

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Campaign Management

Integrated campaign management tools to help businesses create, manage, and optimize their marketing campaigns.

Targeted Campaigns: Provided tools for setting up targeted marketing campaigns within the platform.
Performance Analytics: Enabled real-time tracking of campaign performance, helping businesses adjust their strategies on the go.

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API Development

Developed robust APIs to facilitate smooth interaction between various financial services within the platform.

Seamless Integration: Provided easy-to-use APIs for integrating different financial tools and services.
Custom Solutions: Enabled customization of API interactions to meet specific business needs.

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Electronic Payments & Multi-Currency Processing

Facilitated electronic payments with support for multiple currencies and accounts.

Global Transactions: Supported global transactions through multi-currency processing.
Secure Payments: Implemented secure electronic payment solutions to protect users and businesses alike.

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Fraud Management & Analytics

Implemented advanced fraud detection and analytics to protect transactions.

Real-Time Fraud Detection: Introduced tools to monitor transactions in real-time, preventing fraudulent activities.
Data-Driven Insights: Utilized analytics to provide actionable insights, helping businesses optimize their operations and reduce risks.

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Execution

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🏆 Results

Empowering Businesses with Comprehensive Open Banking Solutions

Streamlined Payment Processes: The enhanced payment processing system allowed businesses to manage transactions more effectively, reducing processing times and improving customer satisfaction.
Optimized Financial Operations: The new billing and settlement platform streamlined financial operations, enabling businesses to handle complex transactions effortlessly.
Enhanced Security: Bank-grade security measures and advanced fraud management tools provided a secure environment for open banking operations.
Regulatory Compliance: Ensured full compliance with open banking regulations, giving businesses confidence in their operations.
Global Reach: The multi-currency and multi-purse processing capabilities opened up new markets, enabling Tarabut Gateway to expand its reach across different regions.
Effective Campaign Management: The integrated campaign management tools helped businesses to launch and monitor their marketing campaigns efficiently, driving better engagement and returns.

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Tarabut Gateway successfully positioned itself as a trusted partner in the financial ecosystem, offering a platform that supports the secure and efficient use of open banking, driving innovation, and empowering businesses to leverage new opportunities in the financial sector.

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