Saudi Arabian open banking leader Lean Technologies has partnered with Egyptian AI firm Synapse Analytics to launch a comprehensive Credit Decisioning and Analytics platform. The new offering is designed for banks, fintech companies, and other lenders across Saudi Arabia, the UAE, and the wider GCC region, aiming to modernize the credit landscape by combining the power of open banking data with advanced AI.
Modernizing Regional Lending
For years, the lending industry in the MENA region has been constrained by traditional methods that rely on limited data points, manual underwriting processes, and consequently slow decision-making. The partnership between Lean and Synapse directly confronts these inefficiencies. By leveraging Lean’s infrastructure to unlock granular, real-time transaction data through open banking, the platform provides lenders with a much deeper and more accurate view of a borrower’s financial health, enabling instant, personalized, and scalable credit decisions for the first time.
A Unified Platform for Lenders
The joint platform integrates Lean’s open banking data infrastructure with Synapse’s AI-native credit decisioning engine. This powerful combination provides lenders with a suite of tools to enhance their credit operations. Users can instantly access and enrich real-time financial data to use as alternative credit signals, combine traditional bureau data with cashflow-based insights to underwrite new customer segments, and seamlessly deploy advanced AI and machine learning models alongside their existing credit policies. The platform also allows for the transparent and rapid building, testing, and monitoring of risk strategies.
“By combining the data backbone of Open Banking with Synapse’s AI-native decisioning environment, we are giving lenders the tools to responsibly expand access to credit, accelerate decisioning, and power financial innovation at scale,” said Hisham Al-Falih, CEO of Lean Technologies.
Aligning with Open Finance Regulations
The launch of this platform is timely, as regulators across the MENA region, particularly in Saudi Arabia and the UAE, continue to advance their Open Banking and Open Finance frameworks. The solution is built to be compliant with local regulations, allowing lenders to responsibly leverage alternative data sources with consumer consent. This positions the platform to support greater financial inclusion and economic diversification in line with national visions.
About Lean Technologies
Founded in 2019, Lean Technologies is a leading financial infrastructure provider in the Middle East and North Africa. Its open banking platform enables businesses to securely access their customers’ financial data and initiate real-time payments, empowering a new generation of financial innovation across the region.
About Synapse Analytics
Synapse Analytics is an Egypt-based technology company specializing in Artificial Intelligence and data science. The company builds AI-native platforms and provides end-to-end machine learning solutions that help enterprises adopt AI, automate processes, and make data-driven decisions.
Source: Waya
