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.
ACI Worldwide and Arab Financial Services To Drive Payments Modernization – $WTK ?
Interesting to see AFS and ACI now team up
I have felt both connected to $WTK in their own way and now here they are coming together 🤔https://t.co/PTx5lv4UsK https://t.co/cvUKPLtczg pic.twitter.com/TNrfD5iU4e
— WTKme (@grge4t345ht) April 1, 2024
Streamlining Payment Processes: AFS and ACI Collaboration
Furthermore, AFS is set to deploy ACI’s Payments
Orchestration Platform, a revolutionary solution designed to streamline payment
processes for merchants. This platform promises a seamless integration
experience through a unified API interface, optimizing conversion rates while
minimizing operational overheads. By adopting this technology, merchants and
payment service providers will be able to deliver enhanced customer experiences
characterized by both convenience and security.
“Arab Financial Services is thrilled to embark on a
strategic partnership with ACI Worldwide,” said Samer Soliman, the CEO,
Arab Financial Services. “As the payments landscape becomes ever more
intricate and prone to disruption, a reliable technology partner offering
industry-leading solutions is crucial. Together, AFS and ACI Worldwide are
committed to empower our customers with cutting-edge technology that
streamlines operations, fosters growth and unlocks new levels of
profitability.”
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.
ACI Worldwide and Arab Financial Services To Drive Payments Modernization – $WTK ?
Interesting to see AFS and ACI now team up
I have felt both connected to $WTK in their own way and now here they are coming together 🤔https://t.co/PTx5lv4UsK https://t.co/cvUKPLtczg pic.twitter.com/TNrfD5iU4e
— WTKme (@grge4t345ht) April 1, 2024
Streamlining Payment Processes: AFS and ACI Collaboration
Furthermore, AFS is set to deploy ACI’s Payments
Orchestration Platform, a revolutionary solution designed to streamline payment
processes for merchants. This platform promises a seamless integration
experience through a unified API interface, optimizing conversion rates while
minimizing operational overheads. By adopting this technology, merchants and
payment service providers will be able to deliver enhanced customer experiences
characterized by both convenience and security.
“Arab Financial Services is thrilled to embark on a
strategic partnership with ACI Worldwide,” said Samer Soliman, the CEO,
Arab Financial Services. “As the payments landscape becomes ever more
intricate and prone to disruption, a reliable technology partner offering
industry-leading solutions is crucial. Together, AFS and ACI Worldwide are
committed to empower our customers with cutting-edge technology that
streamlines operations, fosters growth and unlocks new levels of
profitability.”