Brankas selected by Arab Financial Services to strengthen the open finance infrastructure in MENA #

AFS will work with Brankas to create direct bank integrations for easy credit scoring, payroll disbursements, account-to-account payments and new bank accounts opening.

Brankas is a Singapore-based fintech startup with an established network across the Asia-Pacific region, founded in 2016. Startup enables embedded finance and BaaS for the region’s top financial institutions.

On Feb 13, Brankas announced that it has been selected by Arab Financial Services, the leading digital payment solutions provider in the Middle East and Africa, to provide new finance infrastructure in the region.

The new partnership will enable Brankas to bring its open finance practices to the Middle East and Africa region, including countries like Bahrain, the UAE, Saudi Arabia and Egypt. Together, they are planning to provide essential financial services such as credit scoring, payroll disbursement, account-to-account payments and new bank account openings.

Samer Soliman, Chief Executive Officer at Arab Financial Services, commented on this: “Our vision is to empower our clients to deliver relevant and customer-centric products that positively impact the lives of customers, and we are proud to partner with a well-established open finance vendor like Brankas to help us achieve our goal.”