Fintech Galaxy is growing its executive, management and other talent teams as it moves to expand its cloud-based crowdsourcing platform and artificial intelligence (AI)-powered global FinTech marketplace across the Middle East and North Africa (MENA) region.
“Our vision is to bring financial inclusion to the 2 billion population around us,” Mirna Sleiman, CEO and founder of Fintech Galaxy, said in a press release Monday (Sept. 26). “This can’t be possible without open banking and embedded finance.
“We are delighted to strengthen our team with a raft of experienced professionals, who bring global expertise to our region and elevate our product offering to serve our next customers.”
See also: As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
Dmitrii Barbasura, the co-founder and former CEO of Salt Edge, will become Fintech Galaxy’s new chief operating officer, while former Salt Edge Chief Financial Officer Iaroslav Babenco will become its new CFO. Additionally, Cristian Gheorghita will be a sales director.
Meanwhile, Pavel Kipkala, Ana Maria Bahnarel and Natalia Muhianov will head the open banking and finance compliance and data aggregation team, supported by Diana Hriplivaia in legal and Adriana Arnaut in public relations and content.
With open banking technology and embedded finance, Fintech Galaxy is striving to bring financial inclusion to the MENA region via its fast, secure and developer-friendly proprietary platform FINX, according to the release.
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Founded in Dubai, United Arab Emirates, in 2018 by Sleiman, Fintech Galaxy is now developing FINX from open innovation to deliver open banking and open finance infrastructure. FINX Connect provides account aggregation and payment initiation, while FINX Comply helps banks become compliant with local regulations, per the release.
“It is no secret that Open Finance has triggered a major transformation in the global banking industry,” Sleiman said. “Our own innovation platform and API sandbox have powered more than 30 use cases with leading institutions over the past two years, which resulted in FinTechs successfully designing apps and delivering proof of concepts (PoCs).
“Providing Open Finance infrastructure and production capabilities as a technical service provider (TSP) is only a natural development of our product strategy and regional presence.”
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