May 20, 2024

FINTECH MAGAZINE AFRICA

Fintech eyes in africa

Fintech Firm Kiya.ai Partners Arab Financial Services to Improve The Financial Industry in the Middle East And North Africa

2 min read

Mumba-based fintech startup that delivers digital solutions to enable financial inclusion, Kiya.Ai, has partnered with Arab Financial Services (AFS), a digital payment solutions provider and fintech enabler in the MENA region, to improve the banking and financial services industry in the Middle East and North Africa.

The partnership will see Kiya.ai expand its global presence in omnichannel banking, core banking, regulatory technology, and metaverse solutions. Also, AFS will leverage Kiya.ai’s expertise in new-age banking technologies, which include core banking, digital banking, internet banking, electronic customer onboarding, and trade finance solutions. 

Speaking on the partnership, Chief Executive Officer, Arab Financial Services, Samer Soliman said,

“Our partnership with Kiya.ai adds value to AFS’s diverse digital payments production and solution portfolio. This further highlights our commitment to augmenting our bank clients’ offerings, and expanding our spectrum of customer-centric solutions”.

Also speaking, President of Products at Kiya.ai, Amit Sharma said, 

“We are delighted and proud to announce a partnership between Kiya.ai and Arab Financial Services (AFS), which expands our addressable market and opens new opportunities for growth in the Middle East and Africa regions. This strategic partnership is more than just a collaboration; it’s a catalyst for growth, efficiency, and excellence. 

“Our cutting-edge solutions and deep knowledge of global market practices & regulations coupled with expertise in modern architectures have enabled us to be the trusted partner for the region’s prominent fintech enabler. Together, we are poised to set new standards in the financial industry, leveraging our combined expertise to drive transformative change and propel the sector into a dynamic and technologically advanced era.”

The partnership between AFS and Kiya.ai represents a significant step forward in the advancement of financial technology in the Middle East and Africa. The collaboration is positioned to drive forward innovative customer-centric solutions, fostering inclusive financial services and reinventing the future of digital banking and finance in the region. 

The combined expertise and dedication of both leading organizations will help establish a comprehensive and accessible financial ecosystem for the benefit of businesses and consumers throughout the MENA region.

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