Onftech’s 2024 Journey: A Year of Growth, Innovation, and Milestones

As the year draws to a close, Onftech reflects on an extraordinary 2024 marked by remarkable growth, innovative advancements, and significant achievements! From team expansion to forging new partnerships and launching groundbreaking solutions, this year has been a testament to our dedication to transforming the financial technology landscape. Let’s take a closer look at some of the key highlights from Onftech’s 2024 journey.

Empowering Banks with Tanfeeth Watheeq Gateway Implementations

In a year marked by transformative achievements, Onftech's unwavering commitment to excellence was showcased through the successful execution of several high-profile projects. Among these was the seamless go-live of Tanfeeth Watheeq Gateway (TWG) implementations across all our clients, demonstrating our ability to deliver innovative and reliable solutions. We also continued our success story with Tanfeeth, enhancing its features to accommodate the expanded scope from SAMA and introducing advanced support levels to ensure optimal service stability. Moreover, we proudly met all deadlines for Tanfeeth Wave 5, reinforcing our dedication to timely and efficient delivery.

Reliability Redefined: Onftech’s 99%+ SLA Excellence

At Onftech, every client interaction begins with a promise: unwavering reliability and top-tier support. This commitment has been our standard from the very beginning, and in 2024, we are proud to celebrate new milestones that build on this foundation. With an SLA rate consistently exceeding 99%, we have upheld our promise, ensuring our clients navigate safely through their service growth and operational challenges with confidence. This year, we introduced new support schemes designed to align with evolving client needs, offering even greater flexibility and responsiveness. These enhancements reflect our proactive approach to delivering solutions with precision and speed, ensuring that our clients not only meet their goals but surpass them.

Strengthening Alliances: Onftech’s Expanding Client Portfolio

This year marked a significant milestone for Onftech as we proudly welcomed several prestigious banks into our growing client portfolio, including Bank Muscat and Saudi Investment Bank (SAIB). Among these collaborations, our partnership with Ziraat Bank KSA stood out as a testament to innovation and trust. Ziraat Bank adopted our advanced IAK (Integrated AML-KYC) solution, reinforcing its commitment to robust AML compliance practices. Furthermore, with the successful implementation of our EGG solution, the bank achieved seamless integration with government services, streamlining operations and elevating compliance capabilities. These partnerships are more than just business milestones—they represent shared visions, trust, and a commitment to shaping the future of banking excellence.

Launch of New Products and Innovations

In 2024, innovation wasn’t just a goal at Onftech—it was the driving force behind every milestone achieved. This year saw the launch of the IAK (Integrated AML-KYC) and GSAD (SADAD Gateway) platforms, two groundbreaking solutions designed to redefine compliance and financial operations for modern banking. These platforms didn’t just meet regulatory demands; they set new standards for efficiency, security, and seamless integration.

Additionally, the EGG platform underwent significant enhancements, with Natheer updates and advanced module integrations taking center stage. These improvements deepened the connection between banks and government services, streamlining operations and ensuring unparalleled compliance capabilities. Alongside these developments, the introduction of PayFlow marked another leap forward, revolutionizing payment workflows with advanced features that cater to the evolving demands of modern financial ecosystems.

Building New Partnerships

Onftech solidified its position as a trusted leader in fintech through a series of impactful partnerships and groundbreaking collaborations. Strategic MoUs were signed with industry giants such as First Abu Dhabi Bank (FAB), QNB, and the National Bank of Iraq, laying the foundation for long-term cooperation and shared innovation. Beyond these agreements, Onftech ventured into transformative collaboration with Mambu driving forward cutting-edge financial technology solutions tailored for modern banking needs. Adding to this momentum, the launch of the Posh (e-wallet solution) in partnership with Creative Minds Investments (CMI), introduced a secure and seamless digital payment experience, setting a new benchmark in user-friendly fintech solutions. These alliances aren’t just milestones—they’re the building blocks of a future where technology and trust redefine the financial landscape.

Sharing Insights at Numerous Industry Events Globally

In 2024, Onftech solidified its reputation as a thought leader in the fintech industry through key events and strategic engagements that showcased our commitment to shaping the future of banking. At #LEAP24 in Saudi Arabia and the Future of Banking Summit in Riyadh, Onftech played an instrumental role in driving conversations around digital transformation, regulatory advancements, and the evolving role of technology in financial services. Our presence as Gold Sponsors at Seamless 2024 underscored our global leadership, reinforcing our position at the forefront of fintech innovation. Additionally, our participation in the Saudi-Turkey Forum in Istanbul highlighted Onftech’s dedication to international growth, fostering cross-border collaborations and expanding our influence beyond regional boundaries.

A Milestone Achievement: Onftech’s Debut on Turkey’s Top 500 IT Companies List

2024 marked a significant milestone for Onftech as we proudly made our debut on Turkey’s prestigious Top 500 IT Companies list, securing an impressive 124th place. This recognition wasn’t just a number—it was a testament to the hard work, innovation, and dedication of every member of the Onftech team.

Team Growth: Scaling for Excellence

2024 was a year of tremendous growth for ONFTECH. Our team expanded by an impressive 90%, a clear indication of our growing influence and the increasing demand for our expertise. This expansion has strengthened our ability to deliver cutting-edge solutions and exceptional service to our clients, paving the way for even greater achievements in the future.

We are thrilled to announce the growth of our Saudi office 🇸🇦. This expansion marks a significant milestone in our regional presence, enabling us to better serve our clients locally and drive innovation across the financial sector. With a strengthened team, including skilled Saudi employees, and enhanced operational capabilities, we are well-positioned to continue delivering exceptional value and transformative solutions in the Kingdom.

Osman Nuri Katib, CEO of Onftech, said:
“As we close this remarkable year, I am incredibly proud of what we have achieved together at ONFTECH. This year, we grew by an impressive 90%, introduced three innovative solutions to our portfolio, and continued to strengthen our position as a trusted financial solutions provider.

Looking ahead, 2025 is brimming with promise. We aim to expand our footprint into Europe, the Balkans, and the Turkic countries of Asia, bringing our expertise to new markets and empowering even more businesses through cutting-edge technology. To our employees, partners, and customers, thank you for your unwavering dedication and support. Together, we will continue to innovate, grow, and make a lasting impact in the financial sector.”

About Onftech

Onftech is an innovation powerhouse in the fintech industry, 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’s products are designed to streamline complex processes and enhance the customer experience. As a leader in fintech advancements, Onftech continues to set new standards in security, innovation, and reliability, serving some of the largest banks and financial institutions across the GCC and Europe.

More information: www.onftech.com

Email: info@onftech.com