ACTYV.AI, OPNFI COLLABORATE BRINGING EMBEDDED FINANCE SOLUTIONS FOR BUSINESSES

KUALA LUMPUR, June 19 (Bernama) -- Artificial intelligence (AI)-powered enterprise Software-as-a-Service (SaaS) platform, actyv.ai and Opnfi, an embedded finance firm, announced a strategic partnership to bring business-to-business (B2B) Embedded Finance (EmFi) solutions for businesses in high-growth potential markets in South Asia, ASEAN, the Middle East and Africa.

“Our partnership will transform financial services in the South Asia, ASEAN & MEA markets, driving economic growth, financial inclusion and entrepreneurship.

“By combining our expertise, we will democratise access to finance, empowering businesses with embedded finance capabilities,” said actyv.ai Founder and Chief Executive Officer, Raghunath Subramanian in a statement.

Meanwhile, Managing Partner at Opnfi, Amit Sharma said the company’s strategic partnership with actyv.ai enhances its EmFi proposition and commitment to be a leading orchestrator of embedded financial services throughout the region.

“Our EmFi platform capabilities will enable actyv.ai to support a number of different use cases covering the entire spectrum of supply-side financing, ops-side financing and sales-side financing,” he said.

Opnfi’s B2B EmFi platform facilitates orchestration between enterprise customers and financial services institutions, which will allow actyv.ai to develop innovative embedded finance solutions tailored to specific needs of their corporate clients in one centralised platform.

At the core of this digital transaction network lies AI-based discovery, algorithmic credit processing and open application programming interface-based payment systems.

-- BERNAMA