Acabes , the technology arm of Arab Bank, announced a collaboration with MenaITech, a leading provider of innovative IT and human resources management solutions for various sectors, to offer banking and financial services ( Banking-as-a-Service “BaaS” ) within MenaITech systems through Arab Bank via Acabes ’ Omnify platform.

This collaboration allows MenaITech to explore new opportunities to expand its financial services offerings to clients through the Omnify platform. It enhances its ability to provide integrated financial solutions in an innovative and seamless manner, keeping pace with technological advancements in the financial sector both locally and regionally. The Omnify platform enables companies to offer a comprehensive suite of Banking as a Service ( BaaS ) services via APIs within their existing applications. Furthermore, it provides a secure and seamless infrastructure for managing financial operations and ensuring compliance with relevant regulations and laws, allowing companies to focus on developing their products and expanding their businesses efficiently and cost-effectively .

Commenting on the collaboration, Mr. Eric Modaff, Deputy General Manager of Operations and Banking Systems at Arab Bank, said: “This agreement is a significant step towards expanding the scope of innovative financial solutions offered by the Omnify platform, enhancing the integration of banking services across various sectors.” He added: “Our collaboration with MenaITech exemplifies the added value that can be achieved by enabling companies to benefit from advanced digital banking solutions in a seamless and secure manner, keeping pace with modern demands and contributing to the region’s digital growth.”

For his part, Dr. Bashar Hawamdeh, CEO and founder of MenaITech, said: “We are pleased to cooperate with Acabes through the “ Omnify ” platform, through which we will provide our clients and their employees with an integrated set of financial services. These smart solutions will help simplify administrative procedures and reduce the financial burdens on both our clients and their employees .”

It is worth noting that Acabes , a fintech company, was established in 2021 by Arab Bank to serve as its technology arm, enabling it to provide fintech services to its clients across various sectors. The "Omnify" platform, launched in 2024, represents a significant addition, offering innovative digital banking solutions aligned with the goals of large and medium-sized enterprises (SMEs) and fintech companies to develop their businesses and keep pace with the rapid global advancements in digital banking, communication, and technology.

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