Sustainable practices and driving local weather change are rising as key traits that companies need to implement of their infrastructures. Making this course of less complicated, Fils, the UAE-based enterprise-grade digital infrastructure supplier enabling corporations to embed sustainability and local weather motion into their enterprise fashions, is partnering with Arab Monetary Companies (AFS), the digital fee options supplier and fintech enabler.
Leveraging Fils’s fintech know-how and AFS’s experience in digital funds, the partnership can be key to serving to combine sustainability seamlessly into companies’ operations. It should additionally enhance buyer journeys, and monetary transactions.
This partnership with AFS is scorching on the heels of a powerful roster of collaborations to this point this 12 months. e& Enterprise, Mashreq Financial institution and Flowcarbon have all agreed to work with Fils’ cementing its place as a good participant in sustainable finance.
AFS, which has places of work in Bahrain, Egypt, Oman, and the UAE, serves over 60 purchasers throughout greater than 20 nations within the Center East and Africa area. Fils’ partnership with AFS permits a big proportion of banks, monetary establishments, and organisations within the MEA to trace and mitigate their emissions. Because of this, they are going to be capable of help the worldwide transition to a low-carbon financial system.
Samer Soliman, CEO of AFS commented: “We’re proud to hitch forces with Fils in a strategic partnership to drive sustainable options throughout the digital funds panorama. This collaboration straight helps our ESG strategic targets by accelerating their implementation. As a number one digital funds supplier, we embrace the accountability to drive sustainability not just for ourselves but in addition empower our companions and purchasers to realize their very own environmental ambitions.”
Nameer Khan, CEO of Fils, mentioned: “We’re thrilled to embark on this strategic partnership with Arab Monetary Companies. By combining our superior digital infrastructure with AFS’s management in digital funds outsourcing, we’ve a novel alternative to drive optimistic change throughout industries within the MENA area. Our shared dedication to sustainability and local weather motion is not going to solely remodel enterprise operations but in addition redefine the panorama of accountable finance within the area and past.”
Setting a brand new commonplace going ahead
The partnership will allow Fils’ digital infrastructure to empower AFS. Consequently, the digital funds resolution supplier will seamlessly combine sustainability and local weather motion into its funds ecosystem. This contains creating progressive options that contribute to diminished carbon footprints and environmental impression.
Moreover, each corporations search to encourage companies to prioritise sustainability of their enterprise methods and take measurable motion to deal with local weather change.
The collaboration may also discover alternatives to introduce sustainable monetary merchandise, with a particular give attention to Islamic Credit score Playing cards. By incorporating environmental, social, and governance (ESG) rules, each organisations purpose to set new business requirements for accountable and moral monetary providers.
Fils and AFS will work collectively to reinforce buyer journeys by offering eco-friendly and sustainable choices for digital funds. This contains the event of user-friendly interfaces that promote accountable shopper decisions and a optimistic environmental impression.
