Aion Digital and Qarar Are Teaming Up to Accelerate Growth of Digital Lending Across MENA
The two influential fintech firms have partnered up to support both traditional and challenger banks in offering their customers instant financing
Fintech firms, Aoin Digital and Qarar, have set out to revolutionise digital lending, first in the GCC, then to the rest of the Middle East. With the region’s credit market in their crosshairs, the collaborative initiative will aim to support both traditional and challenger banks in offering their customers instant financing – the first in the Middle East.
With a banking platform already widely used across UAE, Kuwait and Bahrain, Aion’s digital banking solutions, combined with Qarar’s award-winning risk algorithm development, will allow banks to make more risk-managed, efficient decisions using comprehensive, real-time insights and analytics.
“Qarar welcomes this opportunity to join forces with Aion,” CEO of Qarar, Zaid Kamhawi, said of the new partnership. Our partnership with Aion comes to support the digital transformation initiatives sweeping the market and to meet customer demand for fast, consistent and accurate digital lending decisions.”
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Feb 20, 2024