In a significant development in the financial technology sector, ARIE Finance has chosen SaaScada's data-driven core banking engine to enhance its international payment services for mid-sized businesses. Aiming to become the first B2B company with a Payment Service Provider (PSP) license in Mauritius, ARIE Finance is set to facilitate transactions into Africa’s promising yet intricate market. The platform will specialize in cross-border transactions, providing clients with personalized, rapid, and secure account setups. Additionally, it will offer multi-currency accounts, streamlined payments, and access to an elite network of fintech partners across various regions.

ARIE Finance distinguishes itself by prioritizing thorough understanding and tailored service. By comprehensively evaluating each applicant's business needs upfront, ARIE Finance can onboard clients efficiently within days while maintaining robust fraud and financial crime controls. According to Stephen Margolis, Founder & Executive Vice-Chairman of ARIE Finance, Mauritius is rapidly emerging as a central hub for financial services in Africa and the Indian subcontinent, often referred to as the 'Singapore of the West'. Margolis emphasized that outdated systems and rigid onboarding processes have historically hindered innovation, excluding many businesses based on size, location, or industry without due consideration. ARIE Finance aims to transform this landscape by offering a digital-first neobank experience combined with personalized application reviews, moving beyond mere compliance to genuine customer understanding.

The collaboration between ARIE Finance and SaaScada signifies a shift towards more agile and customer-centric banking solutions. SaaScada’s real-time data capabilities will provide ARIE Finance with immediate insights into customer behavior, enabling faster product development and iteration. This partnership underscores the evolving concept of banking, where focused services and cutting-edge technology converge to deliver efficient and secure cross-border transactions. Nelson Wootton, Co-Founder and CEO at SaaScada, expressed pride in supporting underserved B2B businesses in growing markets. With plans to fully launch by the end of Q2 2025, ARIE Finance is poised to revolutionize how mid-sized businesses access international financial services, fostering innovation and economic growth in Africa and beyond.