Financial institutions AFS and Mawarid Finance unveil UAE Fintech Empowerment Center
In a significant move to accelerate the growth of the digital financial ecosystem in the UAE, Mawarid Finance and Arab Financial Services (AFS) have announced the launch of a Fintech Enablement Hub. This innovative platform is designed to streamline the process for fintech companies, enabling them to rapidly bring card programs to market.
At the heart of this collaboration is Mawarid Finance, acting as the BIN sponsor. This critical role provides the regulatory and operational foundation that allows fintechs to transition seamlessly from concept to card issuance, ensuring speed, security, and full compliance. This support is crucial in scaling card products in line with national innovation goals.
AFS contributes to the collaboration by delivering a unified, frictionless platform that significantly accelerates time-to-market for card programs. This technology-driven solution empowers digital-first companies to build, launch, and scale card solutions with agility and confidence.
Together, Mawarid Finance and AFS combine global technology leadership, BIN sponsorship, and advanced processing capabilities into a single integrated framework. This simplified and efficient path to develop and scale card products in the UAE market is a game-changer for the fintech industry.
The use of Mastercard Product Express further expedites the process, allowing fintechs to launch card programs in as little as 15 days. This platform provides fintechs with the tools, resources, and partners required to launch and scale, enabling the innovation necessary to meet customer needs and reducing their time to market.
Rashid Al Qubaisi, CEO of Mawarid Finance, expressed his pride in providing the regulatory and operational foundation for fintechs to thrive in the UAE. He stated, "We are committed to supporting national innovation goals by empowering new business models and creating real pathways for growth, scale, and market impact."
The unified platform provided by AFS offers fintechs a dramatic acceleration in time-to-market for card programs. It empowers the next wave of digital-first companies to build, launch, and scale their solutions with optimal agility and confidence.
The Fintech Enablement Hub simplifies the process for fintechs by providing a unified, compliant, and technologically advanced platform that covers all critical steps from regulatory sponsorship through to card issuance and processing. This reduces complexity, accelerates market entry, and supports fintech growth within the UAE's evolving digital financial ecosystem.
This collaboration marks a major step toward advancing digital enablement in the UAE, offering fintechs a clear, streamlined path to build and scale card products all within a single, unified experience. The Integrated Fintech Enablement Hub is poised to revolutionise the fintech landscape in the UAE, fostering innovation and driving growth in the digital financial sector.
- The Fintech Enablement Hub, being a unified, compliant, and technologically advanced platform, simplifies the process for fintech companies, enabling them to swiftly transition from concept to card issuance, ensuring speed, security, and full compliance, a core requirement in the growth of their business.
- In addition to Mawarid Finance's critical BIN sponsor role, Arab Financial Services (AFS) contributes by providing a technology-driven solution that empowers fintechs to build, launch, and scale card solutions with agility and confidence, creating a significant acceleration in time-to-market for business growth.
