Finastra announced on Thursday that it would be making a move to join Bahrain FinTech Bay. UK-based startup and third largest financial technology company in the world, Finastra combines the strength of Misys and D+H to develop an open, dynamic platform that allows financial institutions to integrate technology seamlessly.
Bahrain FinTech Bay, one of the most diverse and dynamic networks in the MENA region brings together key players from financial institutions all the way down to developers to help innovate and develop new opportunities for growth. Wissam Khoury, Managing Director for the Middle East and Africa at Finastra, had this to say, “Now couldn’t be a better time to be part of this community as the Bahrain FinTech scene heats up. Working with Bahrain FinTech Bay will allow us to further collaborate with local FinTechs startups and banks, as the financial services landscape moves towards an open banking architecture.”
Now a resident of Bahrain FinTech Bay, Finastra will have access to all major industry events as well as collaboration opportunities with partners and industry players. “We are delighted to welcome Finastra, a global FinTech force on board. Becoming a partner of Bahrain FinTech Bay will allow Finastra to increase collaboration with the local financial services ecosystem. With such a versatile community, it is crucial for us to have partners that share our vision of bringing all the actors together in one place to inspire innovation.” states Khalid Saad, CEO of Bahrain FinTech Bay.