{"id":5579,"date":"2018-02-13T13:09:12","date_gmt":"2018-02-13T12:09:12","guid":{"rendered":"https:\/\/insights.invyo.io\/africa\/?p=5579"},"modified":"2018-02-19T13:10:28","modified_gmt":"2018-02-19T12:10:28","slug":"african-fis-can-plug-in-to-the-best-fintech-with-finforward","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/africa\/fintech-corner\/best-of-fintech\/african-fis-can-plug-in-to-the-best-fintech-with-finforward\/","title":{"rendered":"African FIs can plug-in to the best Fintech with FinForward"},"content":{"rendered":"

The Fintech program was launched last September 2017 by the Dutch Development Bank (FMO) and Above & Beyond Tech (a&b), a Miami-based company\u00a0dedicated to accelerating the digital transformation of the financial industry.<\/strong><\/p>\n

FinForward At a Glance<\/h3>\n

FinFoward<\/a>\u00a0<\/strong>is a program\u00a0<\/strong>designed to accelerate the digitization of the financial industry in Africa by connecting African Financial Institutions<\/strong> (FIs) and Mobile Money Providers<\/strong> (MMPs) with Fintech companies worldwide<\/strong>.<\/p>\n

Through its\u00a04wrd<\/a><\/strong>\u00a0solution, a global marketplace for Fintech solutions, a&b is leveraging technology to bring together all players<\/strong> that can have an impact on financial inclusion. The Fintech “shopping” platform\u00a0provides secure, scalable, and product-ready integration to financial technology<\/strong> solutions.<\/p>\n

According to Jorge Ruiz, Co-Founder & CEO of above & beyond tech:<\/p>\n

\u201cWe are building a thriving interconnected global ecosystem integrated through one single platform.\u201d<\/p><\/blockquote>\n

FinForward is supporting FIs in their digital transformation process<\/strong> and become more attuned with the opportunities Fintech solutions<\/strong> have to offer as well as current industry trends<\/strong>.<\/p>\n

Use case: Arise joins FinForward<\/h3>\n

FinForward recently announced a new partnership with Arise<\/strong><\/a>, a leading African investment company<\/strong> backed by three reputable cornerstone investors: Norfund, Rabobank, and FMO to support the growth of the region<\/strong> and its communities.<\/p>\n

Through this partnership, FinForward and Arise aim to drive responsible inclusive growth<\/strong> and make banking more accessible<\/strong> by leveraging fintech solutions.<\/p>\n

African financial institutions recognize Fintech as a game changer<\/strong> that allows them to increase efficiency and expand their client\/product base. However, they admit that they have difficulties<\/strong> finding, choosing, testing and implementing Fintech companies<\/strong> and their solutions.<\/p>\n

Deepak Malik, CEO at\u00a0Arise, said:<\/p>\n

\u201cFintech is turning traditional banking on its head and is disrupting the way ordinary Africans manage their money.\u201d<\/p><\/blockquote>\n

The high demand for financial services<\/strong> in emerging markets provides a large market opportunity<\/strong> for innovative Fintechs using new financial technology such as blockchain, data analytics, artificial intelligence and new distribution systems such as online, mobile and agent networks.<\/p>\n

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The Fintech program was launched last September 2017 by the Dutch Development Bank (FMO) and Above & Beyond Tech (a&b), a Miami-based company\u00a0dedicated to accelerating the digital transformation of the financial industry. FinForward At a Glance FinFoward\u00a0is a program\u00a0designed to accelerate the digitization of the financial industry in Africa by connecting African Financial Institutions (FIs) […]<\/p>\n","protected":false},"author":3,"featured_media":5719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[320,5,572,97,13,318],"tags":[637,634,235,642,636,643,321,641,640,638,301,271,635,241,632,639,633,528,631,645,644,646,270,523],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n