Fils and Aion form strategic partnership to drive ESG integration in MENA financial services

Fils and Aion form strategic partnership to drive ESG integration in MENA financial services

Fils, a leader in climate-positive transactions, has teamed up with Aion, which offers cutting-edge, AI-enabled financial services that enhance consumer and corporate banking, particularly in the MENA region.

The strategic partnership between Fils and Aion is designed to integrate Environmental, Social, and Governance (ESG) principles into financial services across the Middle East. This collaboration aims to leverage the technological strengths of both companies to introduce sustainable and green financial products that will promote environmental and financial health in the region.

Fils specialises in integrating climate-positive elements into transactions via its API-first platform, aiming to make every transaction contribute positively to the climate. Their initiatives include ESG scoring systems and sustainable investment platforms, which are crucial for banks looking to incorporate ESG values into their core operations.

Aion Group, established in 2017, focuses on transforming the digital banking landscape using AI technologies. It provides instant, cost-effective financial solutions to banks and corporates throughout Saudi Arabia and the GCC. Their products range from consumer and corporate digital banking to SME finance and open banking solutions, all designed to be swiftly integrated and deployed.

This partnership will see the roll-out of several key initiatives such as ESG scoring systems and green financial products. These initiatives are designed to support sustainable economic growth and improve social welfare, with a scheduled launch in the upcoming months. Both Fils and Aion are committed to ensuring these solutions not only meet but exceed market expectations.

Fils CEO Nameer Khan said, “This partnership with Aion represents a pivotal step forward in our mission to help banks embed ESG values at the core of financial services.

“Together, we are poised to  introduce innovative solutions that will empower consumers and businesses alike to make more informed, responsible financial decisions that are not only good for customers but for the planet as well. “

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