PR94662

DUBAI, UAE, Feb. 24, 2022, /PRNewswire=KYODO JBN/ --

- Optasia Founder and Chairman, Bassim Haidar announces the company with a

  remarkable 10+ years track record plans to grow its global position with

  emphasis on emerging markets

- The fintech pioneer currently provides financial access to over 560mn

  customers globally, with over 88m active customers performing financial

  transactions of over $8m daily through Optasia, its data-driven AI platform

Multinational fintech company Channel VAS announced its rebranding to Optasia

as it looks to further grow its global position, with emphasis in the emerging

markets. Optasia core service is a fully integrated, versatile AI platform

covering scoring, financial decisioning, disbursement & collection. The

rebranding marks Channel VAS' business evolution after over 10 years of

operation.

State-of-the-art AI platform Optasia offers its partners, both top tier Mobile

Network Operators and financial institutions a better-informed decision process

on credit scoring, opening up massive untapped opportunities and providing a

full range of financial products and services to their ecosystem, including

consumer and enterprise finance solutions, credit scoring, data science as a

service and platform as a service.

Optasia is a game-changer for the fintech/mobile finance revolution taking

place in the emerging markets, supporting local banks in their digital

transformation to provide financing to their dynamically growing economies in a

risk-free way.

Through proprietary AI, Optasia processes and analyzes unstructured behavioural

data, creating unique profiles of customers which can be used by financial

institutions and MNOs to tailor products and services to their client base.

Without this technology, these organizations wouldn't be able to gather the

necessary information to make safe decisions on creditworthiness.

Optasia has an established track record of over 10 years' experience in leading

the fintech evolution in emerging markets across Africa, Asia and the Middle

East, providing credit decisions for over USD 8 million in daily transactions.

It services an addressable base of 560 million mobile subscribers in over 30

countries.

Commenting on the rebranding, Bassim Haidar, Optasia Founder and Chairman

stated: "Optasia uses state of the art technology to enable financial access to

the next billion customers across the global emerging markets. Technological

and financial empowerment that data science brings in the regions where

economic boost is most needed, is paramount to their future development".

"Globally, 1.7 billion adults are underbanked - without an account at a

financial institution or through a mobile money provider. Although the figure

has been systematically decreasing, it still accounts for an enormous gap.

Optasia plans to spearhead this financial inclusion in the next few years" Mr.

Haidar concluded.

Financially headquartered in Dubai, UAE, Optasia operations are located in

Athens, Greece. The company developed a tech excellence center in Egypt and has

offices and subsidiaries in various countries across the world, including South

Africa, Nigeria, Pakistan and Bangladesh.

The fintech had been chosen as a prime investment opportunity by top investment

firms like Abu Dhabi's Waha Capital in 2017, Ethos, a South African investment

company in 2018 and DPI equity firm in 2019.

Logo - https://mma.prnewswire.com/media/1752683/Optasia_Logo.jpg.

SOURCE: Channel VAS / Optasia