February 2025 Newsletter

Exciting Developments & New Innovations

Innovation, Expansion, and a Look into the Future of Banking

As we step into February, we’re excited to share the latest updates from Onftech. Our commitment to innovation and excellence continues to drive significant progress in banking transformation. From major product enhancements to team milestones, we’re setting new benchmarks for digital financial solutions in the Kingdom.

This month’s newsletter highlights our recent product advancements, industry insights, and a special spotlight on our growing team.

Strengthening Our Presence in Riyadh, KSA

We are proud to announce the expansion of our presence in Riyadh, KSA, marking a significant milestone in our commitment to the Kingdom. Our dedicated support team will now be operating from within Saudi Arabia, enhancing our ability to deliver seamless, localized support and drive the expansion of our operations across the region.

This move aligns with our vision to provide innovative, high-quality solutions tailored to the needs of our clients in KSA, ensuring greater efficiency, compliance, and responsiveness.

Tanfeeth Wave-5: Over 15 Banks Now Live

As of February 2025, more than 15 banks have successfully gone live on Tanfeeth Wave-5, with several of them recently migrating to TWG, our flagship Tanfeeth solution.

TWG now holds the largest market share among Tanfeeth solutions, delivering a consistent 99.9% SLA and supporting scalability, high availability, and seamless performance.

IAK Enhanced with Fraud Monitoring (SAMA Scenarios)

We are excited to announce that IAK, our integrated AML and KYC solution, is now enhanced with an additional fraud monitoring and detection model incorporating SAMA-defined scenarios, effective January 2025.

• ✔ Case Management – Efficient tracking and handling of compliance cases
• ✔ Risk Scoring – Advanced analytics for precise fraud detection
• ✔ Special Character Recognition – Elevated anomaly detection
• ✔ Arabic Letter Recognition & Scanning – Optimized processing for Arabic documentation

IAK is now the only solution capable of scanning SARIE IPS (Instant Payments System) transactions.

Request a demo: corporatesales@onftech.com

Introducing GSAD – Advanced SADAD Bill Management

• ✔ Streamline Bill Management
• ✔ Ensure Real-Time Processing
• ✔ Automate Reconciliation
• ✔ Integrate Seamlessly Across All Banking Channels
• ✔ Access Advanced UI & Real-Time Reporting

Request a demo: corporatesales@onftech.com

Onftech Annual Summit – Mount Ida, Turkey

Our annual summit took us to the breathtaking Mount Ida (Kaz Dağları) — the legendary home of Homer’s Iliad and the epic tales of Troy. Amidst lush landscapes, our team joined a hackathon, shared innovation ideas, and connected with the region’s literary and historical atmosphere — a perfect setting for growth, collaboration, and inspiration.

Welcome Our New Team Members

• Serhan Ekinci
• Fatih Yıldırım
• Hasan Özyer
• Gonca Kabakcı

About Onftech

Onftech is an innovation powerhouse in fintech, known for its cutting-edge solutions that drive digital transformation in banking and financial services. With a strong focus on compliance, operational efficiency, and seamless integration with government services, Onftech continues to set new standards across the GCC and Europe.

More information: www.onftech.com

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Email: info@onftech.com