Emirati data intelligence firm Lune Technologies has announced a strategic collaboration with Ajman Bank to integrate its AI-powered financial analytics into the bank’s mobile application. The partnership aims to provide Ajman Bank customers with smarter insights and greater control over their financial wellbeing, marking a significant step in the bank’s digital transformation journey.
Powering Smarter Banking with AI
Through this collaboration, Ajman Bank will leverage Lune’s advanced Transaction Data Enrichment engine and Personal Finance Management (PFM) solutions. The technology is designed to deliver a more intuitive and data-driven banking experience by automatically categorizing transactions, identifying merchants, and providing clear labeling for all financial activities. Customers can now access comprehensive dashboards that visualize their income, savings, and expense trends, empowering them to make more informed financial decisions and manage their money more effectively.
A Strategic Push for Digital Transformation
The partnership reflects a growing trend in the region where established financial institutions collaborate with agile fintechs to accelerate innovation. For Ajman Bank, this move is a core part of its mission to deliver world-class, digitally-native banking services. Faizal Kundil, Head of Consumer Banking at Ajman Bank, stated, “Our partnership with Lune represents a major step in equipping our customers with the tools they need to understand, manage, and optimize their finances. This initiative reflects our vision to be at the forefront of digital banking transformation in the UAE.”
From Lune’s perspective, the collaboration validates its technology and shared vision for driving financial empowerment through intelligent data. Helal Lootah, Co-Founder and Co-CEO of Lune, added, “By combining Lune’s enrichment intelligence and personal finance technology with Ajman Bank’s customer-first approach, we are redefining how individuals interact with their finances.” The new features are now live and available to all retail customers via the Ajman Bank mobile app.
About Lune Technologies
Lune is a UAE-based fintech specializing in AI-powered transaction enrichment and personal finance solutions for banks, fintechs, and financial institutions. Through its suite of APIs and SDKs, Lune enables partners to unlock enriched financial data, deliver personalized experiences, and build intelligent digital-banking products that empower users to better manage their financial lives.
About Ajman Bank
Ajman Bank is a leading Islamic financial institution headquartered in Ajman, UAE. Established in 2008, the bank focuses on delivering innovative, Shariah-compliant banking products and services to individuals, SMEs, and corporates. Ajman Bank continues to play a pivotal role in advancing digital banking innovation in the UAE.
Source: Zawya
