Finastra showcases Open Banking innovations during DIFC Innovation Month

Dubai, UAE - June 13, 2021 –  Finastra, the largest pure-play software vendor that serves the entire financial services industry, is participating in Dubai International Finance Centre (DIFC) Innovation Month, which focuses on early-stage fintech start-ups and helps them innovate towards a new generation of Open Banking platforms. 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.

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.

As part of DIFC Innovation month, Finastra will host a hybrid event titled ‘Innovate and Accelerate | Empowering FinTechs in the Middle East’ which will take place on Wednesday, June 16 at 12:00pm at DIFC Innovation Hub. It will feature key Finastra experts – Arnaud Picut, Senior Director, Risk Management; Michel Daenen, Director, Solutions Consulting MEA; and Ramy Elkhoulany, Principal Product Manager. 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. Participants can register attendance here and benefit from hearing:

• An introduction to Finastra and its next-gen platform for innovation
• Banking and Financial Services trends: Platformification, Banking as a Service (BaaS) and Open Banking
• How fintechs are leveraging the FusionFabric.cloud platform to expand their business and the opportunity to be part of Finastra’s growing fintech ecosystem

"At Finastra, we believe in creating a truly open ecosystem for building, deploying, and consuming financial services technology. 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,” said Serge Tohme, Managing Director – MENAT at Finastra. “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. 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."

DIFC Innovation Month, covering the themes of ‘Future of Finance’ and ‘Future Economies in the UAE’, takes place at Dubai International Financial Centre (DIFC), which is home to more than 350 start-ups, digital labs, VC firms, regulators, educational institutions, and many more. It features 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.

About Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.