Bud Financial partners with Fintech Galaxy

Wednesday 21 February 2024 10:22 CET | News

Bud Financial has announced its partnership with Fintech Galaxy in order to provide customers in the MENA region with Open Banking and AI-powered services. 

Following this announcement, the collaboration is expected to optimise financial services in the region of MENA by providing clients and partners with personalised behavioral insights, streamlined credit assessment processes, as well as new opportunities for growth and development. 

The data intelligence platform Bud Financial and regional platform Fintech Galaxy will focus on strengthening the Open Banking scene in the region, as well as optimise the manner in which financial institutions, fintechs, and businesses integrate and leverage customer data in a secure and efficient way. 


Bud Financial has announced its partnership with Fintech Galaxy in order to provide customers in the MENA region with Open Banking and AI-powered services.

More information on the collaboration

The strategic deal was based on a shared goal of leveraging the benefits of Open Banking and data intelligence in order to deliver improved insights into customer behaviour and financial needs. Both Bud Financial and Fintech Galaxy will combine their AI-powered data technologies, experiences, and a suite of solutions with the Open Finance FINX Platform, aiming to give financial institutions the possibility to design optimised financial experiences that meet the needs, preferences, and demands of customers. At the same time, the collaboration will take place while the firms will remain compliant with the laws and regulatory requirements of the local industry. 

Included in the benefits offered by this partnership are the personalised products and experiences, as financial service providers will be enabled to deliver tools such as personal financial management apps, loans, saving accounts, or investment plans, which will be tailored to the client’s financial behavior and overall expectations. In addition, FIs will have access to a more in-depth understanding of a user’s financial history and habits. This process is expected to allow lenders to develop more accurate credit scoring models, as well as to automate or streamline their affordability decisioning, reducing risks, and opening new avenues for the underserved markets. 

Furthermore, providers of applications and digital solutions will be given the possibility to integrate financial insights, in order to offer personalised budgeting advice and improve the manner in which customers manage their finances more effectively. The partnership also will focus on optimising the overall financial services in the MENA region, while also prioritising the digitalisation and the development of the local industry.  

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, Open Banking, Open Finance, banking, artificial intelligence, online banking, mobile banking, digital banking, financial services, financial institutions
Categories: Banking & Fintech
Companies: Bud, Fintech Galaxy
Countries: Africa, Middle East
This article is part of category

Banking & Fintech



Fintech Galaxy

Discover all the Company news on Bud and other articles related to Bud in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events