ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions

ACI Worldwide, a global real-time payments software, has
announced a strategic partnership with Arab Financial Services (AFS), the
region’s digital payment solutions provider and fintech enabler, aiming
to reform the digital payments landscape across the Middle East and Africa.

Regulated by the Central Bank of Bahrain and boasting
ownership by 37 banks and financial institutions, AFS serves over 60 clients
across more than 20 countries in the region. The company’s portfolio
encompasses an array of digital payment products and services, including card
processing, merchant acquiring, fintech solutions, and value-added services.

Santhosh Rao, the Senior Cice President, MEASA, ACI
Worldwide, commented: “Our flexible, agile and innovative payment software
solutions will now be available to banks, financial institutions and merchants
across the region. AFS is now in a strong position to support all customers in
the region on their quest for digital transformation and innovation, while
enabling the resiliency and service quality required by next-generation payment
systems.”

Under the terms of this transformative 10-year partnership,
AFS will leverage
Leverage

In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders

In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
Read this Term ACI’s Enterprise Payments Platform, a versatile transaction
processing solution renowned for its robust security features, flexible
cloud-ready architecture, and multi-language, multi-currency capabilities. By
harnessing this platform, AFS aims to spearhead a modernization drive within
the retail banking sector, empowering its banking and fintech
Fintech

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term clientele with
enhanced capabilities and efficiency.