visimoney
TLDR:
- BKN301 Group introduced the BKN301 BaaS Orchestrator platform in the MENA region to empower banks and fintech companies.
- The platform aims to address challenges faced by fintech companies and traditional banks by offering customizations, scalability, and cost savings.
BKN301 Group, a leading digital payments and Banking-as-a-Service provider in the MENA region, unveiled its cutting-edge BKN301 BaaS Orchestrator solution with the objective of radically transforming the MENA region’s financial landscape. The platform aims to empower businesses of all sizes, especially fintech companies and traditional banks, by allowing them to integrate financial features into their existing value propositions. The BKN301 BaaS Orchestrator solution offers customization options for companies to tailor their banking and payment experiences to meet their specific requirements.
The platform also provides a scalable solution with flexible APIs for market expansion, thereby improving efficiency by reducing upfront expenses and shortening time-to-market. Stiven Muccioli, Founder and CEO of BKN301, highlighted the goal of making financial services universally accessible and driving innovation through the platform. The growth of the fintech sector, driven by Gen Z, has led to a high adoption rate of mobile wallets for daily payments in the UAE, Saudi Arabia, and Egypt.
The BKN301 BaaS Orchestrator connects core banking systems, payment processors, and third-party services, offering a modular design principle that allows organizations to choose and integrate the features they require. The platform saves costs on core banking, card issuing, payments acquiring, remittances, and bill payments. Mahesh Paolini-Subramanya, CTO at BKN301, emphasized the platform’s dedication to continuous evolution to adapt to the changing demands of the region’s financial market.
Through integration capabilities, the platform enables businesses to incorporate various financial features into their products, especially concerning legacy core-banking systems. BKN301 Group’s commitment to offering effective payment solutions positions it to revolutionize the financial landscape in the MENA region. One example of their successful integration is Damen Cash in Egypt, which transformed traditional retail by integrating digital financial services and enhancing financial inclusivity.
In conclusion, BKN301 Group’s BKN301 BaaS Orchestrator offers a comprehensive solution for financial institutions and fintech companies, combining efficiency, effectiveness, and adaptability. With a global presence, the company is poised to revolutionize financial landscapes worldwide through innovative payment solutions.
