Fintech in The Middle East, Africa and South Asia With Dubai DIFC's Raja Al Mazrouei by Richie Santosdiaz for The Fintech Times UAE

Fintech Galaxy has set up a team of global open banking and finance experts to bolster its product offering and boost its presence in the MENA region.

The hires aim to strengthen the UAE-based fintech’s mission to become the leading open finance compliance and integration platform with a strong focus on the UAE, Saudi and Bahrain markets.

According to Mirna Sleiman, CEO & founder of Fintech Galaxy, its vision is to bring financial inclusion to its two billion local population. Sleiman says: “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 next customers.”

The appointments

Salt Edge’s former CEO and co-founder Dmitrii Barbasura joins as chief operating officer; alongside chief financial officer Iaroslav Babenco, sales director Cristian Gheorghita. While, a technical team experienced open finance compliance and data aggregation formed of Pavel Kipkala, Ana Maria Bahnarel and Natalia Muhianov. The team is also supported by Diana Hriplivaia and Adriana Arnaut for legal and public relations & content.

Fintech Galaxy, founded in 2018, is on a mission “to move the needle on financial inclusion” while bringing open banking and finance to the MENA region via its developer-friendly proprietary platform

FINX Connect provides account aggregation and payment initiation capabilities and a unique API sandbox, and FINX Comply helps banks and financial Institutions become compliant with the local open banking/finance regulations with minimum effort on their side.

Sleiman adds: “It is no secret that open finance has triggered a major transformation in the global banking industry. 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.”

Fintech Galaxy is also currently discussing innovative account information & payment initiation services use cases with a number of financial institutions across MENA to serve both retail and corporate customers.

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