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Afs And Aafaq Associate To Again Fintech Startups

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  • Its dedication to innovation has positioned AFS as a driving market pressure delivering a wealthy portfolio of fee options together with well-liked digital mobile wallets, market-leading merchant acquiring companies, Bahrain’s leading digital payroll resolution, international contact centers and more.
  • This study exhibits that, whilst corporations proceed to innovate with cloud technologies and distant workforces, their IT infrastructures remain mired in the past, with out of date protocols providing ongoing opportunities for attackers to infiltrate networks and unleash ransomware assaults.
  • Providing the very best high quality funds solutions that are trusted by businesses, AFS has offices and information centers in Bahrain, the UAE, and Oman.
  • In this collaboration, we’re combining experience and data that gives a framework of Bank Identification Number (BIN) sponsorship, expertise, operation and distribution to all fintechs and startups within the UAE,” said AFS chief executive Samer Soliman.
  • You expressly agree that your use of the data inside this article is at your sole threat.
  • Aafaq Islamic Finance a regional Islamic financial products and services supplier, and Arab Financial Services (AFS), a digital payment options provider and FinTech enabler in the Middle East and Africa, have entered a strategic partnership whereby jointly, AFS and Aafaaq will support aspiring FinTech start-ups to launch their services in the UAE.

This study exhibits that, whilst corporations continue to innovate with cloud technologies and remote workforces, their IT infrastructures stay mired up to now, with obsolete protocols offering ongoing alternatives for attackers to infiltrate networks and unleash ransomware assaults. The survey discovered that 77% of ITDMs are very or utterly assured of their company’s ability to stop or mitigate cybersecurity threats. Despite this confidence, 64% admit that half (or more) of their cybersecurity incidents are the outcomes of their very own outdated IT safety postures, including widespread use of insecure and deprecated protocols, in addition to growing numbers of unmanaged gadgets.

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Arab Monetary Providers And Aafaq Islamic Finance Companion To Help Fintech Startups

Dubai-based Aafaq Islamic Finance, and Bahraini digital fee options provider Arab Financial Services (AFS) have entered a strategic collaboration to assist fintech startups to launch their services within the UAE. Regulated by The Central Bank of Bahrain, and majority-owned by Bank ABC, AFS boasts quite a few ground-breaking end-to-end digital cost providers and options. These span debit, credit, and Islamic card processing, service provider acquiring, fintech, and a collection of state-of-the-art value-added companies. Its dedication to innovation has positioned AFS as a driving market force delivering a rich portfolio of fee options together with well-liked digital cellular wallets, market-leading merchant buying companies, Bahrain’s main digital payroll resolution, world contact centers and more. Providing the best high quality funds solutions which are trusted by companies, AFS has places of work and knowledge centers in Bahrain, the UAE, and Oman.

afs and aafaq associate to again fintech startups

The partnership is integral to AFS’s Regional Partner Program, a program committed to offering a platform for new and present Fintechs to launch, increase and scale their merchandise across the region. This varieties part of AFS’s ongoing regional drive as a quantity one funds processor and trusted advisor for market growth to assist the funds panorama and supply alternatives to Fintechs to develop exponentially via new and revolutionary enterprise models. “Over the past years, there was important growth in monetary technology and digital providers. We goal to succeed in a model new segment of shoppers, so as to maintain tempo with the quickly growing market. We are excited to work with AFS – being certainly one of our trusted companions, to deliver revolutionary products to the market,” he added. The partnership is integral to AFS’s Regional Partner Program, a program committed to providing a platform for brand spanking new and current FinTechs to launch, increase and scale their merchandise across the area.

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This forms part of AFS’s ongoing regional drive as a payments processor and trusted advisor for market enlargement to support the funds panorama and supply alternatives to FinTechs to develop exponentially via new and revolutionary business models. Regulated by The Central Bank of Bahrain, and majority-owned by Bank ABC, AFS offers end-to-end digital cost companies and solutions, which span debit, credit, and Islamic card processing, merchant acquiring, fintech, and other value-added services. The partnership is a half of AFS’s Regional Partner Program, which helps new and present fintechs to launch, increase and scale their products throughout the area.

AFS recognises the importance of new-age technology and continues to create shared initiatives and platforms that assist the development and development of the fintech ecosystem. In this collaboration, we are combining experience and data that gives a framework of Bank Identification Number (BIN) sponsorship, know-how, operation and distribution to all fintechs and startups in the UAE,” mentioned AFS chief government Samer Soliman. AFS, an end-to-end digital cost providers and options supplier, stated the partnership is integral to its regional companion programme whereby it provides a platform for fintech companies to launch, broaden and scale their merchandise across the area. Aafaq Islamic Finance a regional Islamic financial services and products provider, and Arab Financial Services (AFS), a digital fee options provider and FinTech enabler in the Middle East and Africa, have entered a strategic partnership whereby collectively, AFS and Aafaaq will support aspiring FinTech start-ups to launch their services within the UAE.

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About Fashion With Style

This inflated confidence is much more dangerous in gentle of the frequency of ransomware attacks—as 85% reported having suffered no much less than one ransomware assault, and 74% reported experiencing a number of incidents prior to now five years. A lack of visibility and effective use of data has additionally contributed to organizations’ obstacles in figuring out vulnerabilities and preventing ongoing ransomware attacks. To combat these challenges, organizations should search for ransomware mitigation instruments that may capture network communications throughout all units, and use technologies like behavioral analytics and synthetic intelligence to detect behaviors that sign a ransomware attack in progress. ExtraHop released findings from a survey on ransomware that sheds mild on the discrepancies between how IT determination makers (ITDMs) see their present safety practices, and the fact of the ransomware assault panorama. The report reveals that nonetheless succesful IT organizations have been in managing the dramatic transformations of the past couple of years, confidence nonetheless tends to outstrip precise security posture. The content material doesn’t present tax, authorized or investment advice or opinion relating to the suitability, value or profitability of any explicit security, portfolio or investment strategy.

afs and aafaq associate to again fintech startups

According to Aafaq Islamic Finance chief government Rashid Al Qubaisi the settlement with AFS aligns with the Sharia-compliant firm’s commitment to supporting the UAE’s growing fintech ecosystem. Dubai is rank among the high world’s main fashion industry & dubai is also the shopers paradise. By leveraging a network detection and response platform, defenders can detect and cease the lateral motion and different post-compromise exercise of ransomware attackers earlier than they achieve actual injury.

afs and aafaq associate to again fintech startups

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afs and aafaq associate to again fintech startups

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