Tue, Oct 15 2024

Climate fintech Fils and digital banking technology supplier Aion work together.

April 15, 2024
3 Min Reads

Aion, a leader in digital banking solutions, and Fils, a trailblazing force in climate-positive transactions that enables companies of all sizes to incorporate climate positivity into transactions through their APIs, are delighted to announce a strategic alliance.

With the use of cutting-edge technology, this ground-breaking partnership seeks to establish new benchmarks in sustainable finance and bring about significant change in the financial sector in the Middle East and North Africa (MENA).

Financial institutions will be able to seamlessly integrate various products and customized solutions that are focused on sustainability and climate action by utilizing the combined strengths of Aion's technical expertise and Fils's API-first platform. This will help to ensure significant business value and user engagement.

In partnership with Aion, Fils will provide a variety of solutions for banking customers, such as green financial products, sustainable investing platforms, and ESG grading systems that promote social welfare and sustainable economic progress. Both businesses are collaborating closely to assure the success of these initiatives, which are anticipated to launch in the upcoming months.

 

Nameer Khan, CEO of Fils, described the partnership with Aion as a pivotal step forward in their mission to assist banks in embedding ESG values at the core of financial services. Together, they are prepared to introduce innovative solutions empowering both consumers and businesses to make more informed, responsible financial decisions. These decisions benefit not only customers but also the planet

 

The CEO of Aion Group, Ashar Nazim, was likewise excited about the partnership, saying, "Today we launch our ground-breaking Green APIs from Aion platform." Spending, saving, and transacting can now be done conveniently in a way that is elegantly matched to the ESG values of people and businesses in Saudi Arabia, Bahrain, and the wider MENA region. Getting together with Fils will quicken this progress.

 

Aion Group was established in 2017 and collaborates with banks, corporations, and fintechs in the GCC and KSA to swiftly and affordably offer instantaneous financial solutions powered by artificial intelligence. Modern consumer and corporate digital banking, SME instance finance, and open banking solutions are now available to Aion's enterprise clients in Saudi Arabia and the GCC thanks to partnerships with the top innovators in the world.

Nameer Khan continued, "Building the fintech infrastructure required for banks to implement ESG-centric services lays the groundwork for fostering both environmental and financial health throughout the Middle East." We are all the more excited about this project because we collaborate with Aion Digital, whose unwavering dedication to climate action is similar to our own.

 

Since its start five months ago, Fils has achieved a great deal in the ESG fintech space, of which this relationship is only one example. Fils has shown impressive growth and a major influence on the climate infrastructure sector after prioritizing making sure market linkage is built. Fils has effectively signed agreements with top financial institutions in practically all of the MENA area, making it easier to provide millions of customers with ESG-focused products.

 

Among the illustrious list of elite partners of Fils are well-known companies like Mashreq Bank, Telr, Cashin, and e& Enterprise. Fils's dedication to incorporating ESG concepts into financial services is demonstrated by its quick expansion and partnership, which further solidifies its position as a pioneer in the industry. Furthermore, Fils's creative approach to climate-positive transactions has been acknowledged; reputable organizations like PwC and Arabian Gulf Business Insight have named Fils as one of the top climate tech businesses to watch in the Middle East.
 

Leave a Comment
logo-img Fintech Newz

All Rights Reserved © 2024 Fintech Newz