AFS selects Singapore-based Brankas to provide open finance solutions in MENA

AFS selects Singapore-based Brankas to provide open finance solutions in MENA

Bahrain-based Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa, has appointed Brankas, a Singapore-based fintech, to provide new and improved open finance infrastructure in the region.

Brankas is a leading open finance technology company with an established presence and banking network in Southeast Asia. Founded in 2016, the Series B fintech is integrated with the likes of Bank OCBC NISP, BDO, and BCA, and works with over 90 customers to provide embedded finance solutions that help increase financial inclusion globally.

This new partnership with AFS will see Brankas bring its established open finance practices to MENA to promote more inclusive financial services in countries including Bahrain, the UAE, Saudi Arabia, and Egypt. The APIs that will be made available through AFS’ platform is critical in allowing tech platforms to offer essential financial services such as credit scoring, payroll disbursement, account-to-account payments, and new bank account openings.

Samer Soliman

CEO – AFS “Today, AFS already works with over fifty regional banking institutions. This strategic move to integrate with the banks’ infrastructure is a natural step in our expansion and innovation. Our vision is to empower our clients to deliver relevant and customer-centric products that