- UAE-based Fintech Galaxy, the first central bank-regulated Open Finance platform in the Middle East, announced the appointment of Turki AlAhmed to lead operations in Bahrain and expand its Open Banking and Open Finance distribution in the Kingdom.
Dubai, UAE – Turki joins Fintech Galaxy Bahrain as Country Manager to turbocharge Fintech Galaxy’s efforts to unlock the value of Open Finance for its ecosystem partners across the region and help push financial inclusion forward. Turki has previously led the partnerships by developing strong collaborations with the banks and non-bank members, sustaining innovation and promoting a cashless society, having helped to streamline government processes, in his previous roles.
Fintech Galaxy has also appointed Sara Al Zeera as Compliance and Anti-Money Laundering Officer, primarily to support the introduction of Open Banking in the Kingdom.
This appointment comes just months after Fintech Galaxy announced its successful licensing as an Account Information Service Provider (AISP) with the Central Bank of Bahrain (CBB), becoming the first central bank-regulated Open Finance platform in the Middle East and North Africa (MENA) region.
Mirna Sleiman, CEO and founder of Fintech Galaxy, commented: “Fintech Galaxy, under the supervision of the Central Bank of Bahrain, is set to increase financial inclusion from the region to the rest of the world. We are ready to open new opportunities in financial services, expand the range of potential customers for businesses, improve efficiency in the sector and pave the way for a new financial future.”
Turki AlAhmed, Bahrain Country Manager at Fintech Galaxy said: “I am delighted to join Fintech Galaxy, share my experience and support the company’s mission to bring Open Banking and Open Finance to Bahrain via the FINX platform. We will leverage the Kingdom’s mature ecosystem and agile regulatory framework to design new use cases that will bring value to all parties and change the way we deliver financial services.”
Present in the UAE, KSA, Bahrain, Egypt, Lebanon and Moldova, Fintech Galaxy continues to expand its offering for banks, financial institutions, merchants and FinTechs as it pursues its ambition to evolve its platform FINX from innovation to deliver open banking and Open Financial Infrastructure. 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 local Open Banking/Finance regulations with minimal effort on their part.
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About Fintech Galaxy
Fintech Galaxy was founded in the United Arab Emirates as a global platform that promotes innovation in financial services, drives ecosystem collaboration and facilitates Open Banking API integration between financial institutions and FinTech companies. Fintech Galaxy’s platform – FINX – redesigns finance by offering an Open Finance infrastructure that ensures secure and stable API integrations between all industry players and gives more control over data and payments to consumers.
More information: www.fintech-galaxy.com
