Yabx and Fintech Galaxy Partner to Boost Financial Inclusion in the MENA Region

Source: Yahoo Finance

Open Banking and financial innovation company, Fintech Galaxy, has agreed a strategic partnership with Yabx. The collaboration targets initial improvements in UAE, Saudi Arabia, Jordan, and Bahrain with future expansion plans for North Africa. 

Yabx will leverage Fintech Galaxy’s FINX Connect to enhance SME lending, collections, and customer onboarding processes. The overall aim is to move the needle of financial inclusion. By using Fintech Galaxy’s FINX Connect, Yabx will streamline and secure the digital lending process. Benefiting from access to real-time financial data directly from MENA banks and financial institutions through a single API, Yabx will be able to assess creditworthiness, provide more accurate lending decisions, offer personalised loan services, and speed up loan approvals.