Arab Financial Services (AFS), a leading provider of digital payment solutions and fintech enabler in the Middle East and Africa, has announced a strategic partnership with UAE-based Lune Technologies, a leader in financial data analytics and enrichment. Lune is a key player in Dubai’s DIFC and Abu Dhabi’s Hub71 tech ecosystem. This collaboration aims to transform the financial data landscape by introducing advanced data enrichment solutions tailored for banks, fintechs, and financial institutions.
AFS, renowned for its comprehensive digital payment systems, plays a pivotal role in reshaping the way businesses and consumers engage with financial services. Lune Technologies, recognized for its expertise in extracting value from transaction data through advanced enrichment and analytics, enables financial entities to utilize their data more effectively. By combining their strengths, AFS and Lune aim to set new standards in financial data services, improving efficiency, decision-making, and user experience across the sector.
Key Benefits of the Partnership:
- In-depth Consumer Spending Insights: The partnership will offer enhanced insights into consumer banking behaviors, enabling more informed financial decisions.
- Improved Financial Decision-Making: Businesses and consumers alike will benefit from data-driven innovations that refine financial products and services.
- Actionable Data Insights: Banking and payment transaction data will be transformed into powerful, actionable insights to drive business growth and customer engagement.
Samer Soliman, CEO of AFS, commented, “Our partnership with Lune strengthens our mission to deliver cutting-edge financial solutions. By combining Lune’s data enrichment expertise with our advanced digital payment services, we aim to elevate the efficiency of the financial sector and set new benchmarks for user experiences.”
Helal Tariq Lootah, Co-founder and Co-CEO of Lune, expressed his enthusiasm for the collaboration, stating, “Partnering with AFS allows us to expand our reach and make a deeper impact in revolutionizing financial services across the MENA region. Together, we will make financial insights more accessible and actionable for institutions across the region.”
The partnership between AFS and Lune reflects a shared vision for long-term growth and the continuous evolution of the region’s financial ecosystem. Both companies are committed to exploring new opportunities in data analytics and payment technologies to meet the market’s growing demands.
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