Bahrain
Aion Digital is a fintech startup based in Bahrain with a mission to enable traditional banks to go digital with certainty. The company is on track to delight 10 million customers for its client banks in the Middle East and Africa.
The startup offers a digital banking platform designed to provide on-the-go banking services and helps clients leverage and monetize the generated data to build personalized, active customer engagement. Aion's primary products include Digital Onboarding, Retail Digital Bank, Corporate Digital Bank, AI for Retail Banking, Open Banking, and Lifestyle Rewards.
Notably, Aion is in the process of building five digital banks in the Gulf Cooperation Council (GCC) and has signed up 12 mandates across UAE, Kuwait and Bahrain. The results so far have been impressive, with banks signing up more customers via the Aion platform than all branches combined, leading to cost reductions, higher average deposits per customer, and increased cross-selling. The company is also credited with creating a single banking market of 34 million GCC nationals through regulatory alignment and seamless customer journeys.
Aion Digital, a brand of Waqfe, was founded in 2017 and is bringing purpose back to banking by driving the transition to digital banking models with significant ROI potential for banks' shareholders.
