Latest news with #AFS
Finextra
4 hours ago
- Business
- Finextra
Mawarid Finance and AFS establish UAE fintech hub
Mawarid Finance and AFS have launched a new fintech enablement hub in the UAE. The Mawarid AFS fintech hub is designed to empower startups and foster digital innovation in financial services. 0 This collaboration combines global technology leadership, BIN sponsorship, and advanced processing capabilities into one integrated framework. The initiative simplifies how fintechs bring card programs to market by merging scheme connectivity, issuing, processing, and enablement tools onto a single, frictionless platform. The partnership leverages Mastercard Product Express, a platform designed for fintechs, enabling the innovation necessary to meet their customer needs, and helping reduce their time to market by providing them with the tools, resources and partners required to launch and scale. The Product Express platform allows fintechs to easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and the ability to track progress in full transparency across all steps to be completed by all parties. This allows them to drastically reduce the time to market with the platform providing a way for fintechs to launch card programs in as fast as 15 days. Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said, 'This collaboration places Mawarid Finance at the core of a best-in-class fintech enablement model in the UAE. As BIN sponsor, we are proud to provide the regulatory and operational foundation that allows fintechs to move from concept to card issuance with speed, security, and full compliance. This partnership reflects our commitment to supporting national innovation goals by empowering new business models and creating real pathways for growth, scale, and market impact.' Samer Soliman, Chief Executive Officer of AFS, remarked that: ''By leveraging our deep technological expertise, AFS delivers a unified, frictionless platform that dramatically accelerates time-to-market for card programs. This empowers the next wave of digital-first companies to build, launch, and scale their solutions with optimal agility and confidence'. This collaboration marks a major step toward advancing digital enablement in the UAE, offering fintechs a clear, streamlined path to build and scale card products all within a single, unified experience. This Mawarid AFS fintech hub reflects growing investment in regional fintech capabilities and positions the UAE as a digital finance leader.
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
Mawarid Finance and AFS Launch UAE Fintech Enablement Hub
In a pioneering move set to reshape fintech innovation in the UAE, Mawarid Finance and Arab Financial Services (AFS) today signed a strategic agreement to launch an integrated Fintech Enablement Hub, a unified platform designed to empower fintechs with seamless access to regulated infrastructure and next-generation digital capabilities. This collaboration combines global technology leadership, BIN sponsorship, and advanced processing capabilities into one integrated framework. The initiative simplifies how fintechs bring card programs to market by merging scheme connectivity, issuing, processing, and enablement tools onto a single, frictionless platform. The partnership leverages Mastercard Product Express, a platform designed for fintechs, enabling the innovation necessary to meet their customer needs, and helping reduce their time to market by providing them with the tools, resources and partners required to launch and scale. The Product Express platform allows fintechs to easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and the ability to track progress in full transparency across all steps to be completed by all parties. This allows them to drastically reduce the time to market with the platform providing a way for fintechs to launch card programs in as fast as 15 days. Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said, 'This collaboration places Mawarid Finance at the core of a best-in-class fintech enablement model in the UAE. As BIN sponsor, we are proud to provide the regulatory and operational foundation that allows fintechs to move from concept to card issuance with speed, security, and full compliance. This partnership reflects our commitment to supporting national innovation goals by empowering new business models and creating real pathways for growth, scale, and market impact.' Samer Soliman, Chief Executive Officer of AFS, remarked that: ''By leveraging our deep technological expertise, AFS delivers a unified, frictionless platform that dramatically accelerates time-to-market for card programs. This empowers the next wave of digital-first companies to build, launch, and scale their solutions with optimal agility and confidence'. This collaboration marks a major step toward advancing digital enablement in the UAE, offering fintechs a clear, streamlined path to build and scale card products all within a single, unified experience.
Bahrain This Week
2 days ago
- Business
- Bahrain This Week
Mawarid Finance and AFS Launch UAE Fintech Enablement Hub
In a pioneering move set to reshape fintech innovation in the UAE, Mawarid Finance and Arab Financial Services (AFS) today signed a strategic agreement to launch an integrated Fintech Enablement Hub, a unified platform designed to empower fintechs with seamless access to regulated infrastructure and next-generation digital capabilities. This collaboration combines global technology leadership, BIN sponsorship, and advanced processing capabilities into one integrated framework. The initiative simplifies how fintechs bring card programs to market by merging scheme connectivity, issuing, processing, and enablement tools onto a single, frictionless platform. The partnership leverages Mastercard Product Express, a platform designed for fintechs, enabling the innovation necessary to meet their customer needs, and helping reduce their time to market by providing them with the tools, resources and partners required to launch and scale. The Product Express platform allows fintechs to easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and the ability to track progress in full transparency across all steps to be completed by all parties. This allows them to drastically reduce the time to market with the platform providing a way for fintechs to launch card programs in as fast as 15 days. Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said, 'This collaboration places Mawarid Finance at the core of a best-in-class fintech enablement model in the UAE. As BIN sponsor, we are proud to provide the regulatory and operational foundation that allows fintechs to move from concept to card issuance with speed, security, and full compliance. This partnership reflects our commitment to supporting national innovation goals by empowering new business models and creating real pathways for growth, scale, and market impact.' Samer Soliman, Chief Executive Officer of AFS, remarked that: ''By leveraging our deep technological expertise, AFS delivers a unified, frictionless platform that dramatically accelerates time-to-market for card programs. This empowers the next wave of digital-first companies to build, launch, and scale their solutions with optimal agility and confidence'. This collaboration marks a major step toward advancing digital enablement in the UAE, offering fintechs a clear, streamlined path to build and scale card products all within a single, unified experience.
Time of India
08-06-2025
- Politics
- Time of India
For the record: Name change plaint reaches Lokayukta
Karnataka Lokayukta Bruhat Bengaluru Mahanagara Palike land khata certificate I waited over two years; officials did nothing despite verbal assurances, forcing me to approach the Lokayukta for action –Dhananjaya Padmanabhachar A complaint has been registered withagainst the then(BBMP) Chief Commissioner Tushar Girinath for dereliction of duty. The Lokayukta registered the complaint against the BBMP Commissioner on complaint was filed by Dhananjaya Padmanabhachar, a resident of Sobha Arena Apartment in Judicial Layout, Thalaghattapura. He alleged that despite purchasing a flat in VS Cozy Apartment and executing the sale deed on August 29, 2009, the land records still reflect the name of the previous landowner. The sale deed granted him ownership of 345 sq ft, but even after 15 years, his name has not been entered in the land to Dhananjaya, he applied for theand khata extract from BBMP on March 16, 2023. The documents he received did not reflect his following day, on March 17, 2023, he submitted a complaint to the BBMP Commissioner, requesting a probe and corrective action. However, he claimed no action was taken despite repeated follow-ups.'I have waited for over two years, visiting the BBMP head office multiple times,' said Dhananjaya. 'The officials kept making verbal assurances but did nothing. This forced me to approach the Lokayukta.'In his formal complaint, Dhananjaya alleged not just negligence but also corruption. He argued that the failure to update the land khata to reflect individual flat owners' names deprived them of their legal land rights. Dhananjaya, who is also the Sanchalak of the Karnataka Home Buyers' Forum, said the issue is widespread and reflects systemic apathy towards apartment the need to include flat owners' names in land records, Naval veteran Commander Surendra said the BBMP must take proactive measures. 'Authorities have a duty to update records in accordance with ownership,' he said. 'This is not merely a procedural formality it directly impacts legal rights.'Adding a broader perspective to the issue, Ameya Usgaonkar, another apartment owner, highlighted flaws in the registration process. He explained that ownership typically begins with the sale of the undivided interest (UDI) in the project land. This is recorded through the registration of the Agreement for Sale (AFS), which is the first legal step and includes project details, timelines, and builder commitments.'The sale deed comes later and confirms the apartment transfer,' he said. 'If the AFS isn't registered, there's no legal provision under the Registration Act to reflect UDI in the final sale deed.'He pointed out that many builders bypass the AFS registration, retaining ownership of the land in official records. 'This loophole enables builders to maintain control and delays proper transfer of ownership to buyers,' he said. 'I believe the BBMP should coordinate with the Inspector General of Registration (IGR) to enforce AFS checks before granting Occupancy Certificates (OCs). If AFS isn't in place, subsequent apartment sales should not be permitted.'The Lokayukta is expected to investigate the matter and determine whether administrative failure or deliberate oversight is at play. For now, the complaint reflects growing frustration among Bengaluru's apartment owners who feel stranded in legal limbo despite following due process.
CTV News
07-06-2025
- Automotive
- CTV News
Double the Love: Ride for Dad
It's time once again to double the love. Donate to the Adult Fun Superstore's charitable campaign and AFS will match your donation, supporting Ottawa's Motorcycle Ride for Dad
