Waqfe unveils next gen platform Aion Digital

Waqfe, one of the fastest growing fintechs in the GCC has announced the launch of its next-generation banking platform, Aion Digital. Aion is a fully mobile platform that builds secure digital banks. The launch coincided with the expansion of Aion to the UAE market and the signing of a major multiyear contract with a significant confidential financial institution.

In Bahrain, Aion digital platform is also deployed by Kuwait Finance House and another Islamic bank. Ashar Nazim, Group CEO said, “Aion’s mission is to enable existing banks in GCC to go digital with certainty.” Aion said it is spearheading the introduction of new technologies and frameworks such as open banking and digital banking enhanced with the power of Machine Learning and Artificial Intelligence.

Aion plans to route this innovation through CBB sandbox. “Bahrain offers an excellent opportunity for fintechs to experiment and win fast and lose fast, and this gives our investors a lot more confidence on our future roadmap,” said Nazim.