The UAE-based fintech company Lune has announced a strategic partnership with United Arab Bank (UAB) to significantly enhance the bank’s mobile banking services. This collaboration will see Lune’s advanced financial data API integrated into UAB’s platform, marking a pivotal step in delivering a more personalized and engaging banking experience to customers.
Powering the Next Generation of Digital Banking
Lune’s core technology provides a sophisticated API that unlocks the power of transactional data. Through this integration, UAB will be able to offer its customers a suite of advanced financial management features directly within their mobile banking app. These include detailed spending analytics, intuitive budgeting tools, and personalized financial insights designed to help customers make more informed decisions and improve their financial well-being.
A Landmark Partnership for a UAE Startup
This collaboration is a significant milestone for Lune, validating its technology and its position as a key enabler for digital transformation in the region’s banking sector. Being selected by a prominent and forward-thinking financial institution like UAB underscores the strength and value of Lune’s data-driven solutions. The partnership exemplifies the growing trend of established banks turning to agile MENA startups to innovate and enhance their digital offerings.
Leadership on the Future of Banking
Mohamed Zubeir, CEO of Lune, commented on the deal, stating, “We are thrilled to partner with United Arab Bank, a forward-thinking institution committed to digital innovation. Our financial data API will empower UAB to offer truly personalized and insightful banking services, driving greater financial well-being for their customers. This collaboration exemplifies the power of fintech partnerships in reshaping the future of banking in the region.”
This vision was shared by Shirish Bhide, CEO of United Arab Bank, who added, “This partnership with Lune marks a significant milestone in our digital transformation journey. It underscores our commitment to leveraging cutting-edge technology to deliver superior and personalized banking experiences.”
About the Partners
- Lune: A pioneering UAE-based fintech company specializing in financial data APIs. Its technology enables banks and financial institutions to unlock the power of transactional data to provide enhanced customer experiences and personalized insights.
- United Arab Bank (UAB): A prominent financial institution in the UAE, offering a wide range of retail and corporate banking services. UAB is dedicated to innovation and playing a vital role in the economic development of the region.
Looking Ahead
This partnership positions Lune at the forefront of the digital banking evolution in the Middle East. By enabling a major bank to deliver next-generation services, the UAE-based fintech is not only set for significant growth but is also helping to set new benchmarks for what customers can expect from their mobile banking experience.
Source: FinTech News Middle East
