AFS and CRIF enter Strategic Partnership for Open Banking Use Cases

Arab Financial Services (AFS), a leading provider of digital payment solutions and fintech services in the Middle East and Africa, has announced a strategic partnership with CRIF, a global company specializing in credit bureau, business information systems, outsourcing, and data processing services. This collaboration aims to benefit AFS’s bank clients across the MENA region by enhancing the company’s cutting-edge Open Finance technology platform with CRIF’s latest Open Banking use cases and solutions.

By combining AFS’s expertise in digital payments and technology with CRIF’s comprehensive offerings, seamless and reliable technical and operational support will be provided to customers seeking various Open Banking use cases and implementations on AFS’s state-of-the-art platform.

Samer Soliman, the Chief Executive Officer of Arab Financial Services (AFS), expressed his excitement about offering the region’s latest technology, products, and solutions to support the fast-paced digital growth in the financial sector. He highlighted how this partnership will expand their deliverables to bank clients, providing them with a wider range of customer-centric solutions and reinforcing AFS’s position as the top digital payment solutions provider and fintech enabler in the Middle East and Africa.

CRIF is a prominent provider of consumer and business credit information in continental Europe and offers integrated decisioning solutions globally. With extensive experience in mature European markets, CRIF is fully prepared to leverage its expertise and capabilities to support Open Banking initiatives in the Middle East. The collaboration with AFS will enable CRIF to consolidate its market presence in the region by offering state-of-the-art and ready-to-go Open Banking use cases and solutions.

This partnership between AFS and CRIF is set to drive further innovation in the digital payment and fintech landscape, bringing advanced Open Banking solutions to the forefront of the Middle East and Africa’s financial sector.