Finastra Showcases Open Banking Platform at DIFC Innovation Month
On June 13, 2021, Finastra announced its participation in DIFC Innovation Month in Dubai, showcasing its FusionFabric.cloud open banking platform. The company hosted a dedicated event on June 16 designed to empower fintechs with API-driven tools for retail banking and payments. FusionFabric.cloud serves as a platform-as-a-service offering that enables banks and fintechs to collaborate through open APIs, supporting embedded finance use cases.
The showcase highlighted Finastra's strategy of positioning itself as a key enabler of banking-as-a-service in the MENA region. By demonstrating its open platform capabilities at a major financial innovation hub, Finastra aimed to attract new fintech partners and bank clients. The event reflects the broader trend of financial infrastructure providers expanding their BaaS and open banking footprint into emerging markets.
No specific new partnerships or financial terms were disclosed at the event.
- Demonstrates growing demand for open banking and BaaS infrastructure in the MENA financial services market
- Positions Finastra as a key embedded finance enabler competing for fintech partnerships in emerging markets