Ajman Bank Partners with Lune to Elevate Mobile Banking with AI Insights

Ajman Bank has joined forces with Lune Technologies, a UAE-founded data intelligence company, to give customers sharper financial insights right from their phones. The partnership rolls out new AI-powered tools for transaction analysis and personal finance management, all baked into the Ajman Bank mobile app.

Now, this isn’t just another fintech buzzword moment. The freshly integrated features allow users to see their spending habits more clearly — transactions are categorised, merchants neatly identified, and patterns made easier to spot. It’s the sort of detail that makes budgeting feel less of a faff and more of a genuine, day-to-day helper.

Faizal Kundil, Ajman Bank’s Head of Consumer Banking, described the move as a key step in shaping a modern, digital-first banking experience. He noted that smart technology can help customers understand and optimise their finances more effectively — something that fits perfectly into the UAE’s push toward a more connected financial ecosystem.

Helal Lootah, Co-Founder and Co-CEO of Lune, echoed the sentiment, pointing out that this collaboration bridges Lune’s analytical strength with Ajman Bank’s focus on customer innovation. He said the goal is simple: help people interact with their money in more meaningful ways.

I reckon this kind of partnership shows where banking is heading — not just clicks and slick apps, but real insight powered by data that actually makes sense to everyday users. And believe it or not, many startups across MENA have been chasing precisely that: turning abstract data into something that feels genuinely empowering.

From where we sit at Arageek, cheering on startups that crack local challenges with global relevance, it’s spot on to see an Emirati fintech like Lune team up with a homegrown bank to redefine financial wellbeing. It’s a subtle reminder that fintech innovation isn’t only about fancy dashboards; it’s about helping people live and spend smarter.

So next time someone complains that AI in finance is all hype… well, I’d say this launch proves otherwise. The updates are already live in the Ajman Bank app, meaning customers can start exploring smarter, tidier ways to track their income and spending. And honestly, I’m quite chuffed to bits about that — even if, at first glance, it might look like just another update (definately not the case).

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