Monday 30, July 2018 by Kudakwashe

SAMA partners with Monami Tech for consumer lending

 

This initiative will be an integral part of Al Hail ORIX Finance’s (SAMA’s parent company) digital transformation with a full adoption of the platform now poised for completion.

  

SAMA has signed an agreement and Monami Tech, with the partnership aiming to apply Monami Tech's technology for SAMA’s business and consumer lending project.

The collaboration with will allow SAMA’s consumer and lending projects to use Monami Tech’s Lendme app.

Ammar Afif, Managing Director, Monami Tech, said, “We created Lendme, a frictionless digital service for financial institutions to provide instant loans at the point of decision across multiple channels, from e-commerce to merchants, and through mobile application.”

"This is a vital technology partnership that will tangibly contribute to all aspects of our offering and visibly enhance the entire experience for our customers,” added Arshi Islam, CEO of Al Hail ORIX Finance.

  

Features & Analyses

Economics Adapting to a new era

  Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, provides an exclusive commentary on the Kingdom’s business… read more