Manama, Bahrain – September 2024 – Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, has announced a strategic partnership with Lune Technologies, a UAE-based leader in financial data analytics and enrichment. This collaboration, leveraging the strengths of both AFS and Lune, is poised to transform financial data services for banks, fintechs, and financial institutions across the region.
The partnership aims to introduce advanced data enrichment solutions that will enhance the financial services landscape, making data more actionable and insightful for businesses and consumers alike. AFS, recognized for its comprehensive digital payment systems, will integrate Lune’s innovative financial data enrichment capabilities, setting new benchmarks in the sector. Together, they plan to provide a suite of services designed to improve decision-making, drive innovation, and enhance user experiences.
Innovating Financial Data Services
The AFS-Lune partnership will offer a comprehensive suite of financial data services that includes:
- Deeper insights into consumer spending behaviors, empowering banks and businesses to make more informed decisions.
- Enhanced financial decision-making for businesses and consumers through data-driven insights.
- Transformation of banking and payment transaction data into actionable insights for improved customer experiences.
By leveraging Lune’s cutting-edge analytics and AFS’s expertise in digital payments, the partnership aims to create a seamless flow of enriched data, enabling financial institutions to better understand their customers and the market, and thus develop more tailored financial products and services.
Leadership Insights
Speaking about the collaboration, Samer Soliman, CEO of AFS, stated:
“Our partnership with Lune aligns perfectly with our mission to provide innovative financial solutions across the region. By integrating Lune’s powerful data enrichment engine with our digital payment products, we are setting a new standard for financial data services. Together, we will elevate the financial sector’s efficiency and deliver superior user experiences.”
Helal Tariq Lootah, Co-founder and Co-CEO of Lune Technologies, added:
“Collaborating with AFS enables us to expand our reach and deepen our impact in revolutionizing financial services across the MENA region. Our combined efforts will make financial insights more accessible and actionable for institutions, ultimately transforming the way they interact with their data.”
Driving Long-Term Growth in Financial Services
As AFS and Lune align on this partnership, they are committed to driving long-term growth and continuously enhancing the financial ecosystem in the MENA region. The partnership will explore new ways to leverage data analytics and payment technologies to meet the evolving needs of the market, positioning both companies at the forefront of financial innovation.
This collaboration marks a significant step toward enhancing the financial services industry through the power of data, making banking and financial products more efficient, personalized, and impactful for institutions and their customers.
About AFS:
Arab Financial Services (AFS) is a leading digital payment solutions provider and fintech enabler in the Middle East and Africa, offering comprehensive payment systems and financial technology solutions.
About Lune Technologies:
Lune Technologies is a UAE-based company specializing in financial data analytics and enrichment. Operating within Dubai’s DIFC and Abu Dhabi’s Hub71 tech ecosystem, Lune is dedicated to unlocking the value of transaction data for financial institutions.
