Latest news with #LuLuFin
Business Recorder
17-05-2025
- Business
- Business Recorder
ABHI partners with LuLu Financial Holdings
KARACHI: Pakistan's fintech ABHI, through its Middle East chapter, has partnered with LuLu Financial Holdings, a leading global financial services conglomerate, to enhance financial inclusion and improve access to timely remittance solutions. As part of the partnership, workers in the UAE will be able to access their earned wages instantly and remit funds to their families back home through LuLu Exchange without having to wait for payday. Through this initiative, workers in the UAE will benefit from Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services, giving them greater financial flexibility and control over their income. By offering instant access to earned wages and enabling timely remittances, the partnership addresses a key financial need among expatriate workers, empowering them to support their families with greater ease and security. Abhi, an embedded finance platform specializing in technology-driven solutions, will provide the operational framework for LuLuFin. This will enable customers to access their earned wages before their scheduled payday while also allowing employees to send money internationally instantly with the flexibility to defer payment. The service will be rolled out across all major corridors, with the launch for Pakistani customers scheduled for May. Commenting on this development Thampi Sudarsanan, Chief Executive Officer LuLu Exchange UAE, said that this partnership with ABHI represents a bold step toward redefining financial connectivity for global diasporas. By leveraging cutting-edge technology, we aim to create a seamless bridge for expatriates to support their families, setting the stage for a future where financial inclusivity knows no borders, he added. Omair Ansari, Co-Founder & CEO of Abhi Middle East Limited, said that the partnership with LuLu Financial Holdings marks a significant step-in enabling expatriates to access their hard-earned wages seamlessly and support their families back home without financial strain. By integrating ABHI's technology with Lulu's extensive market expertise, we are dedicated to promoting financial inclusion and providing underserved communities with greater flexibility and convenience in managing their finances, he added. This partnership underscores LuLuFin's commitment to enabling economic empowerment through innovative financial solutions. By joining hands with ABHI, a pioneer in digital financial services, the initiative will ensure that individuals and small businesses gain access to timely credit, which can be instrumental in fostering entrepreneurial growth and uplifting communities. Copyright Business Recorder, 2025
Mid East Info
12-05-2025
- Business
- Mid East Info
Alibaba Cloud Expands Fintech Footprint with LuLu Financial Holdings and Ant Digital Technologies AI Partnerships
New collaborations pledge to accelerate financial innovation and resilience through advanced cloud solutions and Gen-AI technologies Dubai, The United Arab Emirates, May , 2025 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its strategic partnerships with LuLu Financial Holdings('LuluFin'), a leading UAE-based financial services company and Ant Digital Technologies during the Dubai Fintech Summit 2025. These collaborations underscore Alibaba Cloud's ongoing commitments to supporting the region's digital transformation by equipping businesses with effective tools and robust infrastructure to thrive in an AI-powered world. These alliances come amid a wave of AI-led disruption and digital reinvention in the UAE and the wider GCC, where financial institutions are being redefined by national innovation strategies, ecosystem investments, and future-focused talent development. This technological shift holds immense economic potential, with McKinsey estimating a $1 trillion annual value opportunity in global banking, and PwC projecting a $320 billion contribution to the Middle East's economy by 2030. Eric Wan, Vice President of Alibaba Cloud International, General Manager of the Middle East, Turkey, and Africa, Alibaba Cloud Intelligence, said: 'We've always believed that technology has the power to drive real-world change, and our collaboration with leading financial institutions like LuLu Financial Holdings and Ant Digital Technologies reinforces this belief. It allows us to support them not just adapt but thrive in an increasingly digital world. With our dynamic cloud solutions and AI capabilities, we're supporting their journey to deliver smarter, more secure financial services – unlocking countless opportunities and reimagining the future of the financial sector.' Alibaba Cloud's robust cloud infrastructure and Generative AI capabilities are key to LuLuFin' transformation into an AI-native organization. With Alibaba Cloud's advanced solutions and technologies, LuLuFin has adopted a multi-cloud strategy that strengthens business resilience, enhances disaster recovery capabilities, and guides the development of innovative, customer-centric financial services. Alibaba Cloud's extensive portfolio of services, including its Elastic Compute Service (ECS), Disaster Recovery as a Service (DRaaS), PolarDB, and the EMAS mobile testing platform, provides LuLuFin with unprecedented agility, scalability, and security. Additionally, by leveraging Alibaba's proprietary large language model Qwen, LuLuFin is developing an internal AI agent called Treasury AI, as part of the joint Agentic AI development program. This intelligent platform is engineered to optimize fund allocation and movement. Treasury AI helps in transaction costs, currency exposure, and regulatory compliance. These innovations, powered by Qwen, are poised to significantly enhance LuluFin's service capabilities, revamp customer interactions, and streamline decision-making through predictive analytics and natural language processing. Joseph Cleetus, VP of Business Transformation, LuLu Financial Holdings said: 'AI is no longer on the horizon. It's already transforming the way we live, work, and transact. This collaboration marks a pivotal step forward in our journey to redefine cross-border payments, not just as a service, but as an intelligent, anticipatory experience. Together with Alibaba Cloud, we are building a future where technology doesn't just support finance — it elevates it.' During the Summit, Alibaba Cloud also announced its plan to deepen collaboration with Ant Digital Technologies to expand the suite of joint solutions into its Dubai region later this year, including ZOLOZ for digital identity verification, mPaaS for SuperApp development and operations, and cutting-edge AI capabilities tailored for the financial services industry (FSI). Leveraging the advanced technologies of Ant Digital Technologies and robust cloud and AI infrastructure of Alibaba Cloud, the partnership aims to deliver secure, scalable, and intelligent digital transformation services for local FSI customers. This initiative underscores both companies' commitment to empowering financial institutions in the region with innovative cloud and AI-native tools and trusted digital infrastructure. By partnering with forward-thinking organizations like LuLu Financial Holdings and Ant Digital Technologies, Alibaba Cloud is helping businesses harness the full potential of technology to deliver meaningful change and create value for their customers and communities. Alibaba Cloud has been a leading provider of cloud services to local private companies and public institutions in the UAE and the wider Middle East region since 2016. It has a robust local ecosystem in the MEA region with partners covering banking, financial services and insurance, media, public sectors, and customers locally across different sectors. Photo caption: Eric Wan Vice President of Alibaba Cloud International, General Manager of the Middle East, Turkey, and Africa, Alibaba Cloud Intelligence and Joseph Cleetus VP of Business Transformation, LuLu Financial Holdings witnessing the strategic partnership between Alibaba Cloud and LuLu Financial Holdings with the launch of Treasury AI platform at Dubai Fintech Summit. About Alibaba Cloud: Established in 2009, Alibaba Cloud ( is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world's leading public cloud IaaS service providers since 2018, according to IDC. About LuLu Financial Holdings: LuLu Financial Holdings is a leading global financial services provider, offering a wide range of services including cross-border payments, currency exchange, and financial technology solutions. With over 370 customer engagement centers in over 10 countries across the Middle East, Indian subcontinent and APAC regions, and a commitment to innovation and customer satisfaction, LuLu Financial Holdings continues to set benchmarks in the financial services industry. About Ant Digital Technologies: Ant Digital Technologies is the technology commercialization business division of the Ant Group, which started independent operation in April 2024. Ant Digital Technologies originated from AntChain and has the leading technologies and patents in the field of blockchain globally. It has continuously developed several commercialized product brands such as ZOLOZ, mPaaS, and ZAN, with representative technological capabilities and businesses that are always committed to helping enterprises better embrace the digital age.
Al Etihad
12-05-2025
- Business
- Al Etihad
Alibaba Cloud expands fintech footprint with LuLu Financial Holdings and Ant Digital Technologies AI Partnerships
12 May 2025 16:38 DUBAI (ALETIHAD)Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, on Monday announced its strategic partnerships with LuLu Financial Holdings('LuluFin'), a leading UAE-based financial services company and Ant Digital Technologies during the Dubai Fintech Summit collaborations underscore Alibaba Cloud's ongoing commitment to supporting the region's digital transformation by equipping businesses with effective tools and robust infrastructure to thrive in an AI-powered alliances come amid a wave of AI-led disruption and digital reinvention in the UAE and the wider GCC, where financial institutions are being redefined by national innovation strategies, ecosystem investments, and future-focused talent development. This technological shift holds immense economic potential, with McKinsey estimating a $1 trillion annual value opportunity in global banking, and PwC projecting a $320 billion contribution to the Middle East's economy by President of Alibaba Cloud International, General Manager of the Middle East, Turkey, and Africa, Alibaba Cloud Intelligence, Eric Wan, said, 'We've always believed that technology has the power to drive real-world change, and our collaboration with leading financial institutions like LuLu Financial Holdings and Ant Digital Technologies reinforces this belief. It allows us to support them not just adapt but thrive in an increasingly digital world. With our dynamic cloud solutions and AI capabilities, we're supporting their journey to deliver smarter, more secure financial services - unlocking countless opportunities and reimagining the future of the financial sector.'Alibaba Cloud's robust cloud infrastructure and Generative AI capabilities are key to LuLuFin's transformation into an AI-native organisation. With Alibaba Cloud's advanced solutions and technologies, LuLuFin has adopted a multi-cloud strategy that strengthens business resilience, enhances disaster recovery capabilities, and guides the development of innovative, customer-centric financial services. Alibaba Cloud's extensive portfolio of services, including its Elastic Compute Service (ECS), Disaster Recovery as a Service (DRaaS), PolarDB, and the EMAS mobile testing platform, provides LuLuFin with unprecedented agility, scalability, and security. Additionally, by leveraging Alibaba's proprietary large language model Qwen, LuLuFin is developing an internal AI agent called Treasury AI, as part of the joint Agentic AI development intelligent platform is engineered to optimise fund allocation and movement. Treasury AI helps in transaction costs, currency exposure, and regulatory compliance. These innovations, powered by Qwen, are poised to significantly enhance LuluFin's service capabilities, revamp customer interactions, and streamline decision-making through predictive analytics and natural language processing. VP of Business Transformation, LuLu Financial Holdings, Joseph Cleetus, said, 'AI is no longer on the horizon. It's already transforming the way we live, work, and transact. This collaboration marks a pivotal step forward in our journey to redefine cross-border payments, not just as a service, but as an intelligent, anticipatory experience. Together with Alibaba Cloud, we are building a future where technology doesn't just support finance — it elevates it.'During the Summit, Alibaba Cloud also announced its plan to deepen collaboration with Ant Digital Technologies to expand the suite of joint solutions into its Dubai region later this year, including ZOLOZ for digital identity verification, mPaaS for SuperApp development and operations, and cutting-edge AI capabilities tailored for the financial services industry (FSI). Leveraging the advanced technologies of Ant Digital Technologies and the robust cloud and AI infrastructure of Alibaba Cloud, the partnership aims to deliver secure, scalable, and intelligent digital transformation services for local FSI initiative underscores both companies' commitment to empowering financial institutions in the region with innovative cloud and AI-native tools and trusted digital infrastructure. By partnering with forward-thinking organisations like LuLu Financial Holdings and Ant Digital Technologies, Alibaba Cloud is helping businesses harness the full potential of technology to deliver meaningful change and create value for their customers and communities.
Daily Tribune
06-02-2025
- Business
- Daily Tribune
Alldigi Tech, LuLu Financial Holdings forge partnership to revolutionize Payroll and HRMS solutions
Quess Corp's subsidiary, Alldigi Tech Limited (formerly Allsec Technologies Limited), a leading provider of Payroll and HRMS solutions processing over 1.5 million payslips monthly, has entered into a strategic collaboration with LuLu Financial Holdings, a UAE-based global financial services conglomerate. This partnership aims to redefine payroll and HRMS services in the MEA region by delivering integrated, technology-driven solutions tailored to the diverse needs of LuLuFin's extensive customer base. This collaboration will enable LuLuFin to elevate payroll and HR management for its clients through the integration of Alldigi Tech's advanced payroll platform and HRMS capabilities. By simplifying salary calculations, generating accurate disbursement reports, and integrating seamlessly with LuLuFin's offerings, the solution provides businesses with a comprehensive and hassle-free experience. By reducing manual effort, minimizing errors, ensuring compliance with local payroll regulations and streamlining HR processes, it not only saves time but also allows businesses to focus on growth and delivering value to their employees. Richard Wason, CEO of LuLu Financial Holdings, commented, 'Our mission has always been to provide innovative and accessible financial solutions that meet the diverse needs of community. Partnering with Alldigi Tech will enable us to offer a simple, cost-effective solution for payroll management, helping SMEs reduce administrative burden and focus on growth.' Naozer Dalal, CEO of Alldigi Tech, added, 'We are excited about this partnership as it combines our payroll expertise with LuLuFin's deep understanding of the SME sector. Together, we are creating a solution that not only addresses the growing demand for payroll automation but also helps businesses run more efficiently and enhance employee satisfaction.' LuLu Financial Holdings and Alldigi Tech have partnered to offer SMEs a simplified payroll processing solution featuring strong customer support and query resolution. By combining LuLuFin's local expertise with Alldigi Tech's robust system, SMEs can immediately streamline payroll operations, freeing up resources to focus on growth and core business activities.
Zawya
06-02-2025
- Business
- Zawya
Alldigi Tech, LuLu Financial Holdings partner to revolutionise payroll, HRMS solutions for SMEs
Qatar - The partnership aims to redefine payroll and HRMS services in the MEA region by delivering integrated, technology-driven solutions tailored to the diverse needs of LuLuFin's extensive customer base. Quess Corp's subsidiary, Alldigi Tech Limited (formerly Allsec Technologies Limited), a leading provider of Payroll and HRMS solutions processing over 1.5mn payslips monthly, has entered into a strategic collaboration with LuLu Financial Holdings, a UAE-based global financial services conglomerate. This partnership aims to redefine payroll and HRMS services in the MEA region by delivering integrated, technology-driven solutions tailored to the diverse needs of LuLuFin's extensive customer base. This collaboration will enable LuLuFin to elevate payroll and HR management for its clients through the integration of Alldigi Tech's advanced payroll platform and HRMS capabilities. By simplifying salary calculations, generating accurate disbursement reports, and integrating seamlessly with LuLuFin's offerings, the solution provides businesses with a comprehensive and hassle-free experience. And by reducing manual effort, minimizing errors, ensuring compliance with local payroll regulations and streamlining HR processes, it not only saves time but also allows businesses to focus on growth and delivering value to their employees. Richard Wason, CEO, LuLu Financial Holdings, commented, 'Our mission has always been to provide innovative and accessible financial solutions that meet the diverse needs of community. Partnering with Alldigi Tech will enable us to offer a simple, cost-effective solution for payroll management, helping SMEs reduce administrative burden and focus on growth.' Naozer Dalal, CEO, Alldigi Tech, added: 'We are excited about this partnership as it combines our payroll expertise with LuLuFin's deep understanding of the SME sector. Together, we are creating a solution that not only addresses the growing demand for payroll automation but also helps businesses run more efficiently and enhance employee satisfaction.' LuLu Financial Holdings and Alldigi Tech have partnered to offer SMEs a simplified payroll processing solution featuring strong customer support and query resolution. By combining LuLuFin's local expertise with Alldigi Tech's robust system, SMEs can immediately streamline payroll operations, freeing up resources to focus on growth and core business activities. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
