Digital infrastructure fintech Fils has announced a strategic partnership with banking solutions provider Aion, which is aimed at setting new standards in sustainable finance.
The partnership will leverage Aion’s technical proficiency and Fils’s API-first platform, which will enable financial institutions to integrate multiple products and customised solutions focused on sustainability and climate action, it was noted.
Fils and Aion will collaborate to deliver a range of initiatives for banking clients, including ESG scoring systems, sustainable investment platforms, and green financial products designed to support sustainable economic growth and social welfare.
These initiatives are expected to launch in the coming months.
Nameer Khan, CEO of Fils, explained that the partnership is a key step in its mission to help banks embed ESG values at the core of financial services: “Together, we are poised to introduce innovative solutions that will empower consumers and businesses alike to make more informed, responsible financial decisions that are not only good for customers but for the planet as well.”
Khan also noted that equipping banks with the necessary fintech infrastructure to roll out ESG-centric services “lays the groundwork” for fostering both environmental and financial health throughout the Middle East.
Ashar Nazim, Aion Group CEO, added: “Today we launch our ground-breaking Green APIs from Aion platform. People and businesses in Saudi Arabia, Bahrain and the larger MENA region can now conveniently spend, save and transact in a manner that is beautifully aligned to their ESG values. Joining forces with Fils will accelerate this momentum.”