Arab Financial Services signs Open Banking partnership with CRIF

By Delisha Fernandes

Arab Financial Services (AFS), a digital payment solutions provider, has announced a strategic partnership with CRIF, a global company specialising in credit bureau, business information systems, outsourcing and data processing services.

Samer Soliman, Chief Executive Officer of Arab Financial Services (AFS), said, “AFS is leading the way in offering the latest technology, products, and solutions to support the region’s rapid digital growth in the financial sector. This collaboration will widen our deliverables to our bank clients, providing them more options and a spectrum of cutting-edge customer-centric solutions while reinforcing our position as the leading digital payment solutions provider and FinTech enabler in the Middle East and Africa.”

This partnership will serve AFS’s bank clients across the MENA region by supplementing the company’s Open Finance technology platform with CRIF’s latest Open Banking use cases and solutions.

AFS will leverage its digital payments and technology expertise to ensure seamless and reliable technical and operational support for customers looking for various Open Banking use cases and implementations on the AFS Open Finance technology platform.

Roberto Ciraci, Head of Consulting and Solutions for CRIF Middle East, said, “Open Banking is now a reality in the entire Middle East, and CRIF is there, leveraging its expertise and end-to-end capabilities, collected over 30 years of presence in mature European markets.”

“The CRIF Group along with Strands, the CRIF company that focuses on creating highly personalised digital money management solutions – believes in disruption coming from Open Initiatives (Open Banking, Open Finance, Open Data), and by partnering with AFS, we will be able to consolidate the market penetration in the region, by offering state-of-the-art and ready-to-go Open Banking use cases and solutions,” added Ciraci.