baraka can never initiate nor modify any changes to your account. This means we do not have access to change your password, update your contact information and initiate a transaction from your account without your permission.

Where you have given permission, baraka may add additional beneficiaries to your account, enabling transfers between your account and the nominated account. Payments to new beneficiaries will never be initiated without your knowledge or input. A transaction cannot be initiated on your behalf by baraka. Lean simply automates the process to prevent any errors such as inputting an incorrect IBAN, account number, bank details or transferring an incorrect amount.

Where the functionality is available – payments and transfers are only initiated with your express permission, and cannot be performed without your knowledge, or input.

Who is Lean? Lean is a company that specializes in sharing data between bank accounts and applications in a secure and safe manner.

Lean is monitored and regulated by the Abu Dhabi Global Markets (ADGM) in the UAE for providing Account Information and Payment Initiation services. You can learn more about them here.