Finastra to showcase Open Banking innovations at DIFC event
DUBAI, June 13, 2021
Finastra, a leading pure-play software vendor catering to the entire financial services industry, is set to showcase its Open Banking innovations this week at the Dubai International Finance Centre (DIFC) Innovation Month.
The event, which will conclude on June 22, focuses on early-stage fintech start-ups and helps them innovate towards a new generation of Open Banking platforms.
DIFC Innovation Month will cover the themes of ‘Future of Finance’ and ‘Future Economies in the UAE’ and also feature a series of events hosted by start-ups, technology providers, and other players in the innovation ecosystem, to share knowledge and inspire the current and next generation of entrepreneurs.
As part of the programme, Finastra will host a hybrid event titled 'Innovate and Accelerate Empowering FinTechs in the Middle East' which will take place on June 16 at DIFC Innovation Hub, said a statement from the company.
It will feature key Finastra experts – Arnaud Picut, Senior Director, Risk Management; Michel Daenen, Director, Solutions Consulting MEA; and Ramy Elkhoulany, Principal Product Manager, it stated.
Finastra aims to equip fintech firms and developers with the right tools to transform their ideas into viable prototypes and will showcase its open development platform – FusionFabric.cloud, said the statement.
With FusionFabric.cloud, Finastra offers an application development environment built on open APIs to accelerate innovation.
Financial institutions, developers, and fintech players are using this open and collaborative platform to develop applications that integrate seamlessly with core software systems for retail banking, payments, lending, corporate banking, and treasury and capital markets, it stated.
The experts will elaborate on Finastra’s role as a technology partner that connects consumers, such as banks and financial institutions, with producers, such as start-ups and developers, it added.
"At Finastra, we believe in creating a truly open ecosystem for building, deploying and consuming financial services technology," remarked Serge Tohme, Managing Director (Mena and Turkey).
"We are excited to participate in the Innovation Month at DIFC Innovation Hub, a vibrant, innovative place where entrepreneurs, technologists, financiers, educators and mentors collaborate to create a new class of exciting startup companies," he stated.
"As a global leader in financial technology, we are well placed to support financial institutions with Open Banking and Banking as a Service trends that are starting to reshape the financial services industry, allowing new entrants to come into the market and transform the customer experience," remarked Tohme.
"Our industry is on the cusp of great change and we are committed to helping the startups of today become the leading technology and service providers of tomorrow," he added.-TradeArabia News Service
